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SPCX Stock Has Fallen 13% From IPO Price — HSBC Remains Cautious On SpaceX's Moonshot Plans
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SpaceX stock (SPCX) has fallen 13% from its IPO price.
HSBC initiated coverage of SpaceX with a 'Hold' rating.
HSBC set a price target of $115 for SpaceX.
HSBC remains cautious on SpaceX's moonshot plans.
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Rajeev Chandrasekhar / Jupiter Capital interests historically