On August 13, SpaceX declined 3.22% in regular trading, trading at 142.08 USD/share, with turnover of 3.749 billion USD. The stock surged as much as 11% to approximately 148 USD in early trading before rapidly reversing course.

On the news front, SpaceX released its Grok 4.6 AI model, which matches GPT-5.6 Sol on the Artificial Analysis Intelligence Index, while Morgan Stanley maintained its Overweight rating with a 300 USD price target. Despite these positive catalysts, the options market simultaneously flashed prominent bearish signals that appeared to cap upside momentum.

Specifically, a 16.788 million USD straddle combination — simultaneously purchasing 145.0 calls and 115.0 puts — was executed to bet on significant long-term volatility. More notably, a 4.722 million USD in-the-money long-dated put purchase directly targeted medium-to-long-term downside risk, representing one of the session's most prominent single-leg bearish trades. Additionally, SpaceX's price-to-sales ratio remains elevated at approximately 61x, far exceeding the S&P 500 average of roughly 3.8x, suggesting valuation digestion remains a persistent headwind.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)