After a ton of hype and anticipation, Space Exploration Technologies (SPCX +2.83%), aka SpaceX, finally began trading on the public market in June. The stock quickly ran to $225 but has since cooled off and settled in the $150-to-$165 range. It’s difficult to know what price the stock might hit by the end of 2026, but there are some potential clues.

It may seem difficult to fathom, but I predict SpaceX could trade down near $100 by the end of 2026. Here’s why.

Image source: Getty Images.

SpaceX is approaching a major pivotal moment

For starters, SpaceX will likely report earnings for the second quarter sometime in August. It’s the first earnings report since the IPO, a crucial moment as it’s the first chance investors will have to get…