Polymarket bettors have sharply turned against SpaceX (NASDAQ:SPCX), holding above its $135 IPO price by the end of June, a swift reversal that reflects growing anxiety after the stock lost more than 18% over the past week.
Polymarket Odds Swing Against SpaceX Traders believe there's only a 35% chance the stock will end the month higher than its IPO price, down from roughly 80% just a week earlier, with the break lower beginning around June 22.
That means bettors now view a month-end close below SpaceX’s offer price as the more likely outcome.
The shift marks a striking turn from early June, when traders were focused on how far Elon Musk’s rocket and satellite company could soar after its public debut.
SpaceX priced its IPO at $135 per share and began trading on June 12, initially jumping 19% and pushing its market value past $2 trillion.
