Binance's CZ bullish on SpaceX despite stock falling below IPO price

SpaceX shares closed at $134.72 on Friday, slightly below the $135 IPO price set in June. Binance founder Changpeng Zhao stated the stock will be one of the best to hold for years, while analysts tracked by TipRanks see 86% upside with an average target of $250.34. However, options traders are pricing in a 14% swing by mid-December, with a potential range of $117 to $155, as $1 billion in insider shares become eligible for sale on December 8.