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SpaceX stock struggles post-IPO as legendary trader warns of challenges for short-sellers.

Market News
23 Jul 2026
Benzinga
View Source
Bearish
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SpaceX shares have fallen below their IPO price, reflecting a tough post-IPO market environment. Legendary trader Tom Sosnoff highlighted that despite the drop, the price of his put options on SpaceX has remained stable. Elon Musk has also warned short-sellers of potential difficulties, drawing parallels to his past battles with Tesla shorts. The stock faces pressure to convert its high valuation and public interest into strong financial performance to avoid common IPO pitfalls, with some analysts seeing potential for significant upside despite current challenges.

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