SpaceX Stock Price Drops, but CZ Calls it ‘One of the Best’

Key Insights: SpaceX stock price retreated about 6% to $134.72 amid Changpeng Zhao and Elon Musk’s saga. CZ called SpaceX “one of the best stocks” and denied suggesting an SPCX share sale. Barclays’ Tesla merger scenario would give Musk 53% of the combined voting power. SpaceX stock price closed 6.37% lower on October 30, while Changpeng Zhao defended the shares amid his Elon Musk dispute. Changpeng Zhao called SpaceX “one of the best stocks” to hold over the long term. He said he never suggested selling SpaceX (SPCX) stock and urged supporters against portraying his comments as threats. His clarification followed a post from TuanX interpreting Zhao’s request for Musk’s support as a response to excessive joking.

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