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

Binance founder Changpeng Zhao said Saturday that SpaceX would be one of the best stocks to hold for years, after SpaceX shares closed at $134.72, below their $135 June listing price. Binance holds more than $1 billion in SpaceX stock, a stake that started as a $500 million bet on Elon Musk's 2022 Twitter takeover. Zhao rejected the idea that he was threatening to sell those shares when he cited them while discussing a hack shortfall. Options traders are pricing a 14% move by December 18, ahead of December 8, when SpaceX's final batch of locked-up shares, barred from sale for a set period, becomes sellable.