Updates

** SpaceX SPCX.O shares down 4.5% at $153.17 in early trading

** Co joins Nasdaq-100 less than a month after debut, among fastest inclusions

** Brokerages initiate coverage on stock as research quiet period ends, with broadly bullish ratings

** "The case for SpaceX depends on success of its space launch capabilities (particularly Starship), with value creation mainly from AI through orbital data centers" - Bernstein

** Last month, Oppenheimer became the first to initiate coverage with an "outperform" rating

** Current median PT of 18 analysts covering the stock is $227 - LSEG-compiled data

** SPCX shares have lost more than 8% since their debut, including session's losses