SpaceX Stock Nears All-Time Low, Falling Wedge Points to $158

SpaceX (SPCX) traded near $137 in Wednesday’s premarket, just above the $135 IPO price and Tuesday’s record low of $135.52, according to BeInCrypto. The stock has fallen nearly 40% since its June 16 peak of $225.64, breaking key support zones at $168–$171 and $149–$153. A falling wedge on the hourly chart, supported by a bullish RSI divergence, suggests a potential rebound to $157.89. Thursday’s Starship Flight 13, carrying 20 functional Starlink V3 satellites, is a key catalyst. A clean mission could trigger the breakout, while a failure risks a close below the $135 IPO price. Evercore ISI initiated coverage with an Outperform rating and a $230 target.