SpaceX (SPCX) Slides Toward $148 Make-or-Break Level After Falling Over 30%

SpaceX (SPCX) shares are sliding toward a key $148 level after a selloff left the stock more than 30% below its June peak, with a fresh Starlink launch failing to lift the price. According to BeInCrypto, the stock has fallen from a peak near $228 to about $150, while a proprietary Hype Score gauge dropped to 18. BeInCrypto said SPCX is trading more like space-sector peers such as AST SpaceMobile (ASTS) and Rocket Lab (RKLB) than Tesla (TSLA), and Nansen data show smart traders and whales net short on a Hyperliquid perpetual tracking SPCX. An hourly close below $148 could open a move toward $136 near the IPO price, it said.