SpaceX Price Crash: $27M Short Targets $160 as SPCX Slides

A $27 million leveraged short against SpaceX stock has put SPCX squarely in the bearish spotlight.

Crypto trader @CryptoNobler re-entered markets Monday, placing the position just before the U.S. open, and the SpaceX price crash is already moving in his favour.

Who Is Behind the $27M Short Bet on SPCX?

@CryptoNobler went silent for over six months before this call. His followers on X describe him as a Trump insider with a 100% win rate in public trades.

His disclosed position shows 150,421.93 SPCX shorted at an average of $193.28, using 3x leverage on an isolated margin account. At a mark price of $179.20, the position was already up over $2.1 million.

Total margin posted stands at $14.79 million, with liquidation set at $270.83. The account's all-time perpetual profit exceeds $31 million.

SPCX Chart: Descending Channel Signals More Pain

SpaceX printed $184.98 on the 1-hour chart as of June 20, 2026 — a 1.43% session gain that masks a deteriorating structure on higher timeframes.

Price has been carving lower highs and lower lows inside a descending channel since the mid-June peak near $218.

The RSI(14) sits at 51.66 — neutral, not oversold. That matters: sellers have room to push further before buyers find a compelling technical entry.

Volume came in at 3.26 million shares, with the session opening at $182.33 and tagging a high of $190.

Does SPCX Mirror Tesla's 70% Post-IPO Crash?

Traders on X have flagged a structural resemblance between the 4-hour chart and Tesla's post-IPO behaviour in 2010. Tesla surged after listing, then collapsed nearly 70% before staging a multi-year recovery.

The dynamic is not coincidental. IPOs create a natural liquidity window for early holders, and retail buyers often absorb that pressure without understanding the timing.

Analysts note that approximately 4,400 SpaceX employees became paper millionaires the day SpaceX listed — and their lockup periods begin expiring in August 2026.

SpaceX Price Crash Targets: $172, $160, and $148

August represents the most significant near-term risk. A wave of employee selling at lockup expiry could pressure SPCX at the exact moment the chart structure is weakest.

On the technical side, a break below the lower channel boundary near $172–$175 opens the door to $160.

Losing that level brings $148–$150 into play as the next meaningful support zone.

Bulls need a decisive close above $192–$195 to neutralise the SpaceX price crash setup. That range aligns with @CryptoNobler's $193.28 entry, which now acts as overhead resistance.

Until the stock closes above it with conviction, the path of least resistance stays lower.

Risk Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Conduct your own due diligence and consult a licensed financial advisor before making any investment decision.