Gary Black Says SpaceX's 'Meme Stock' Run 'May Be Ending, Despite Bulls Having Their 'I Told You So' Moment

Benzinga_recent_news06-18 12:52

"I have resisted commenting on SPCX as it acts more like a meme stock than one driven by fundamentals," Black wrote on X, referring to SpaceX. He added that the dynamic "may be ending." Black said the...

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He added that the dynamic \"may be ending.\"\nBlack said the...</p>\n\n<a href=\"https://www.benzinga.com/news/space/26/06/53267671/gary-black-says-spacexs-meme-stock-run-may-be-ending-despite-bulls-i-told-you-so-moment\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPAX","symbol_name":"2倍做多SPACEX ETF-T-REX","start_time":0,"source_url":"https://www.benzinga.com/news/space/26/06/53267671/gary-black-says-spacexs-meme-stock-run-may-be-ending-despite-bulls-i-told-you-so-moment","article_id":"2644773557","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=240,format=auto,quality=85/files/images/story/2026/06/18/The-Spacex-Logo-Is-Displayed-On-A-Mobile.jpeg"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/news/space/26/06/53267671/gary-black-says-spacexs-meme-stock-run-may-be-ending-despite-bulls-i-told-you-so-moment","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2644773557","pubTimestamp":1781758320,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Gary Black believes SpaceX's early trading surge may be ending due to options trading allowing investors to bet against it.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SPAX":"2倍做多SPACEX ETF-T-REX","SPCF":"2倍做多SpaceX ETF-ProShares","UFO":"Procure Space ETF","DXYZ":"Destiny Tech100 Inc","SPCM":"2倍做多SpaceX ETF-Tradr","BK4615":"SpaceX概念","SPCU":"2倍做多SpaceX ETF-Defiance","BK4089":"非传统电信运营商","SPCX":"SPAC and New Issue ETF","SPCG":"2倍做空SpaceX ETF-Tradr","SSPC":"2倍做空SpaceX ETF-Leverage Shares","XOVR":"ERShares Private-Public Crossover ETF","SNK":"2倍做空SpaceX ETF-GraniteShares","LOFF":"2倍做多SpaceX ETF-Direxion","SPCQ":"2倍做空SpaceX ETF-Defiance","SPCH":"2倍做多SpaceX ETF-Leverage Shares","SPAL":"2倍做多Space X ETF-GraniteShares"},"translate_title":"加里·布莱克(Gary Black)表示，尽管多头经历了“我告诉过你”的时刻，但SpaceX的“模因股票”热潮可能即将结束","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/ef31f81eba7a8f2a1e2179ac1e007c9e","symbols_score_info":{"SPCX":1.5,"SPCG":0.6,"SPCH":0.6,"SPCU":1.5,"SSPC":0.6,"XOVR":1.5,"UFO":0.6,"SPAX":0.6,"SNK":1.5,"LOFF":0.6,"SPAL":1.5,"SPCM":0.6,"SPCQ":0.6,"DXYZ":1.5,"SPCF":0.6},"content_text":"\"I have resisted commenting on SPCX as it acts more like a meme stock than one driven by fundamentals,\" Black wrote on X, referring to SpaceX. He added that the dynamic \"may be ending.\"\nBlack said the stock's 50% rally from its $135 initial public offering price reflected a market with few ways to sell or short the shares. IPO buyers faced lockup limits, borrowable stock for short selling was scarce, and put options were not available until Tuesday.\n\"While many SPCX bulls screamed ‘I told you so' when the stock was soaring, the reality was there were few outlets for selling,\" Black wrote.\nHe said investors should revisit SpaceX's performance after lockups begin expiring in August and traders can more easily take bearish positions.\nSteve Grasso, CEO of Grasso Global, pushed back on X against fears around an accelerated lockup release. He said another 10% of eligible insider shares would become available only if SpaceX closes at or above $175.50, or 30% above its IPO price, on at least five of the 10 straight trading days before second-quarter earnings. Even then, he said, the August lockup schedule would remain, with the first unlock rising from 20% to 30%.\nSpaceX's market value fell from $2.66 trillion on Tuesday to $2.57 trillion on Wednesday. Morningstar analyst Nicolas Owens estimates fair value at $780 billion, less than one-third of that level.\nPrice Action: SpaceX shares fell 4.95% on Wednesday to $191.82, climbing 1.75% to $195.17 in after-hours trading.\nBenzinga Edge Stock Rankings show SPCX stock has a positive price trend across the short, medium and long-term.\nPhoto Courtesy: JRdes on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2644773557","isCrawlerRequest":true}