---
title: "QUICK SPARK: Legendary Trader Tom Sosnoff Nails the SpaceX Stock Sell Off"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293629125.md"
description: "Legendary trader Tom Sosnoff predicted SpaceX's post-IPO stock decline, stating he remains short puts as the stock trades below its IPO price. Historical data indicates most IPOs underperform over time, pressuring Elon Musk to deliver strong financial results. Meanwhile, Musk has warned short-sellers against betting against the company."
datetime: "2026-07-23T13:42:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293629125.md)
  - [en](https://longbridge.com/en/news/293629125.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293629125.md)
---

# QUICK SPARK: Legendary Trader Tom Sosnoff Nails the SpaceX Stock Sell Off

Legendary trader **Tom Sosnoff** isn’t the least surprised by the brutal battering **SpaceX** (NASDAQ:SPCX) shares have taken over the past month. Here’s what he told **Benzinga** this week:  
  
“I have been saying from day one that SpaceX would trade under the IPO price,” Sosnoff said on Benzinga’s weekly show “The Drift.”

“I’m still short puts in there and the puts haven’t gone anywhere,” Sosnoff said, noting that though SpaceX stock has fallen, the price of his puts has remained the same.

**Read Also: ServiceNow Stock Rallies After Strong Q2 Print: Details**

## SpaceX Faces Historical IPO Challenges

Despite the initial buzz, SpaceX’s stock is navigating a challenging post-IPO landscape. Historical data from **First Trust Portfolios** indicates that most IPOs underperform over time, with a 25-year market pattern showing a majority of newly listed U.S. stocks generate negative returns within a few years. SpaceX’s high valuation and public visibility mean it must quickly convert its narrative strength into sustained financial performance to avoid common pitfalls.

Adding to the tension, **Elon Musk** has issued a warning to short-sellers betting against SpaceX. Musk’s recent comments suggest that those maintaining significant short positions in SpaceX may face challenges, drawing parallels to his past confrontations with Tesla short-sellers.

**Read Also: 'Buy Any Dip' in SpaceX Stock — Macquarie Sees Massive Upside Ahead**

_Image: Shutterstock_

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## Related News & Research

- [Forget Rockets. This Is The Real Reason Wall Street Can't Stop Buying SpaceX.](https://longbridge.com/en/news/294707489.md)
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