SpaceX (SPCX.O) fell more than 4% in U.S. pre-market trading on Monday and was poised for a third consecutive session of declines after losing over 8% across last Wednesday and Thursday. As of Thursday’s close the stock remained 37% above its $135 IPO price, valuing the company at $2.4 trillion. KeyBanc Capital Markets initiated coverage with a MAINTAIN rating, saying multiple long-term high-growth paths exist but the near-term risk‑reward profile appears balanced.