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

Binance founder Changpeng Zhao (CZ) said Saturday that SpaceX will be one of the best stocks to hold for years. Hours earlier, the shares closed at $134.72, just under their $135 June listing price. That leaves anyone who bought at the listing slightly underwater. Wall Street analysts still see 86% upside. Options traders, however, are paying for a 14% swing in either direction by mid-December. Is Binance Selling Its SpaceX Shares? Binance holds more than $1 billion in SpaceX stock. The stake began as a $500 million bet on Elon Musk’s 2022 Twitter takeover. On Friday, CZ cited those shares while tallying the hack shortfall , as BeInCrypto reported. Some users read it as a threat to sell. CZ rejected that.

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