# @benzinga on YouTube

- **Type:** Video
- **Original URL:** https://youtube.com/watch?v=RGXBwcel_aU
- **Gondola URL:** https://gondola.cc/posts/68118945-benzinga-youtube
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/906e12760d.jpg
- **Posted:** 2026-07-22T14:02:06.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

On The Drift with Adam Mesh, veteran trader and tastylive co-founder Tom Sosnoff called it exactly right. Sosnoff said from day one that he believed SpaceX (NASDAQ: SPCX) would trade below its $135 IPO price. When the clip was recorded, the stock was hovering just above that level. On Wednesday, July 15, 2026, SpaceX shares officially closed below $135 for the first time since going public, and the selloff has continued. As of Tuesday's close, SPCX was trading at $123.54, roughly 8.5% below the IPO price and about 45% below its record close of $225.64 set on June 16, just four days after the largest IPO in U.S. history. SpaceX priced its offering at $135 per share on June 11, 2026, raising $75 billion and valuing the company at $1.77 trillion. Shares opened at $150 the following day and closed at $160.95, up 19% in their first session, before peaking above $225 and beginning a steady decline. In the Drift clip, Sosnoff also detailed his options positioning, explaining that he had been selling the $90, $95, and $100 puts on SpaceX at around $1.25 each. Despite the stock dropping roughly $25 to $30 since he opened those positions, the puts have barely budged in price a real-world illustration of how far-out-of-the-money options with low delta remain relatively insensitive to moves in the underlying stock, especially when volatility contracts. Content and clip from The Drift with Adam Mesh featuring Tom Sosnoff.

#TomSosnoff #SpaceX #stocks

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## Stats

- **Views:** 934
- **Likes:** 1
- **Shares:** 0
- **Comments:** 0

## Tags

stocks, tomsosnoff, spacex

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