Calling SpaceX Price Last Week

On The Drift with Adam Mesh, veteran trader and tastylive co-founder Tom Sosnoff called it exactly right. Sosnoff said from day one that he believed SpaceX (NASDAQ: SPCX) would trade below its $135 IPO price. When the clip was recorded, the stock was hovering just above that level. On Tuesday, July 15, 2026, SpaceX shares officially closed below $135 for the first time since going public, and the selloff has continued. As of Tuesday's close, SPCX was trading at $123.54, roughly 8.5% below the IPO price and about 45% below its record close of $225.64 set on June 16, just four days after the largest IPO in U.S. history. SpaceX priced its offering at $135 per share on June 11, 2026, raising $75 billion and valuing the company at $1.77 trillion. Shares opened at $150 the following day and closed at $160.95, up 19% in their first session, before peaking above $225 and beginning a steady decline. In the Drift clip, Sosnoff also detailed his options positioning, explaining that he had been selling the $90, $95, and $100 puts on SpaceX at around $1.25 each. Despite the stock dropping roughly $25 to $30 since he opened those positions, the puts have barely budged in price a real-world illustration of how far-out-of-the-money options with low delta remain relatively insensitive to moves in the underlying stock, especially when volatility contracts. Content and clip from The Drift with Adam Mesh featuring Tom Sosnoff. --- #TomSosnoff #SpaceX #stocks 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 🖥️ Want the same tools the pros use—without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. 👉 https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ 📲 Follow us on socials @benzinga 🔔 Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.