business
Wall Street banks are sky-high about SpaceX, but investors remain cautious
By Damian J. Troise, Associated Press at KPRC 2 / Click2Houston (NBC)
· July 7, 2026
· 3 min read
Wall Street banks have high hopes for SpaceX but at the moment shares of Elon Musk's rocket market appear to be earthbound.Many of the investment firms that underwrote SpaceX's initial public offering issued their first research notes about the company Tuesday, and almost all recommended that inv...
Key takeaway But after topping $200 in its first week of trading, the stock is trading around $152 per share, just above where it opened on June 12, its IPO day.
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Category: business ·
Published: July 7, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? Wall Street banks have high hopes for SpaceX but at the moment shares of Elon Musk's rocket market appear to be earthbound.Many of the investment firms that underwrote SpaceX's initial public offering issued their first research notes about the company Tuesday, and almost all recommended that inv...
When was this published? This article was first published on July 7, 2026 by KPRC 2 / Click2Houston (NBC) and curated for Tomball News readers.
Who reported this story? This story was reported by Damian J. Troise, Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how Tomball News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from Tomball News, or browse our daily briefing and topic hubs .
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