Tom Sosnoff Predicts SpaceX Stock to Dip Below $135 IPO Price
SPCX•Tom Sosnoff predicts SpaceX shares will fall below their $135 IPO price after selling his stake at $158, citing volatile options. He warns that a Nasdaq exemption will force passive index funds to buy SPCX within three weeks as shares slid 4.95% to $191.82 following the Fed rate decision.
1. Prediction of Price Drop
Tom Sosnoff, CEO of LossDog, projects SpaceX stock will fall below its $135 IPO price and has liquidated his position after selling at $158, pointing to unusually high volatility in SPCX options as a reason to avoid long-term holdings.
2. Recent Market Reaction
SPCX shares plunged 4.95% to close at $191.82 following the Federal Reserve’s rate announcement, reflecting investor sensitivity to broader monetary policy shifts and raising concerns about near-term stock momentum.
3. Upcoming Index Inclusion
A Nasdaq exemption set to take effect within three weeks will compel passive index funds to add SpaceX shares, potentially boosting demand but also introducing new volatility as institutional inflows recalibrate the stock’s trading dynamics.
