SpaceX Stock Fell Below Its IPO Price, But Binance’s CZ Is Bullish
SpaceX shares closed at $134.72, falling below the $135 June listing price. The company has lost over $500 billion in market value in less than a month, with the stock currently nearly 30% below its post-IPO high. Despite the decline, Binance founder Changpeng Zhao (CZ) maintains a bullish outlook, calling SpaceX a long-term winner and confirming the firm will hold its $1 billion stake. Options traders are currently pricing a 14% swing in the stock's value by mid-December.
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- ✓ SpaceX shares closed at $134.72, which is below the $135 June listing price.
- ✓ Binance founder Changpeng Zhao (CZ) described SpaceX as a long-term hold and one of the best stocks to hold for years.
- ✓ Options traders are pricing a 14% swing in SpaceX stock by mid-December.
What changed
SpaceX shares dropped below their $135 IPO price to $134.72 while Binance founder CZ reaffirmed a $1 billion stake.
Live updates
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SpaceX Stock Slips Below IPO Price Amid Market Value Loss
SpaceX shares closed at $134.72, falling below the $135 June listing price. The company has lost over $500 billion in market value in less than a month, with the stock currently nearly 30% below its post-IPO high. Despite the decline, Binance founder Changpeng Zhao (CZ) maintains a bullish outlook, calling SpaceX a long-term winner and confirming the firm will hold its $1 billion stake. Options traders are currently pricing a 14% swing in the stock's value by mid-December.
Why it matters
The decline coincides with broader AI trade sell-offs and fears of an AI bubble. This volatility affects Elon Musk's personal wealth, which has slipped to $865 billion. The stock's performance is being compared to other space companies like ASTS, RKLB, and PL.
What is confirmed
- SpaceX shares closed at $134.72, which is below the $135 June listing price.
- Binance founder Changpeng Zhao (CZ) described SpaceX as a long-term hold and one of the best stocks to hold for years.
- Options traders are pricing a 14% swing in SpaceX stock by mid-December.
Still unconfirmed
- Binance founder CZ confirmed the firm will hold its stake ahead of the December 8 unlock.
What to watch next
- The December 8 share unlock
- Mid-December options expiration and price swings
confidence 90%Sources used for this update (12)
- stocktwits.com — Stocktwits - Stock Market Live Quotes, Social Community...
- Barron's — Tech Earnings Sink SpaceX Stock. No Other Companies Meet Elon Musk’s High Bar.
- BeInCrypto — SpaceX Stock Fell Below Its IPO Price, But Binance’s CZ Is Bullish
- Yahoo Finance — SpaceX has lost more than $500 billion in market value in less than a month
- The Motley Fool — Can SpaceX Overcome the AI Trade Sell-Off?
- Stocktwits — Stocktwits Space Race Monthly: SPCX Holds Up Better Than ASTS, RKLB And PL In October — But VSAT Takes The Crown
- BigGo Finance — Musk's Fortune Slips to $865 Billion as SpaceX Stock Sinks on AI Bubble Fears
- The Motley Fool — SpaceX Stock Is Nearly 30% Below Its Post-IPO High. Here's What Facebook's Stock Did From the Same Spot.
- finance.yahoo.com — SpaceX Stock Fell Below Its IPO Price, But Binance’s CZ Is ...
- www.metatrader.com — SpaceX Stock Fell Below Its IPO Price, But Binance’s CZ Is ...
- thecurrencyanalytics.com — SpaceX Stock Slips Below IPO Price, CZ Bullish
- thecryptodesk.com — SpaceX Stock Dips Below IPO Price as CZ Reaffirms $1B Stake
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