SpaceX Stock Fell Below Its IPO Price, But Binance’s CZ Is Bullish

SpaceX shares have slipped below their $135 IPO price, but Binance founder Changpeng Zhao (CZ) is publicly bullish, calling the company a long-term winner. The stock's decline below its debut price marks a notable reversal for one of the most anticipated listings, while options markets are pricing in a 14% swing, signaling elevated uncertainty around near-term direction. CZ's endorsement adds a high-profile crypto-industry voice to the bull case, potentially influencing sentiment among retail investors who follow his calls. The divergence between the weak price action and confident long-term backing underscores the tension between short-term selling pressure and structural demand for exposure to SpaceX. Watch next: whether shares stabilize above the IPO level, how the implied options volatility resolves, and if other major investors echo or counter CZ's stance.