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Musk says he also sees SpaceX stock pullback as a buying opportunity

Musk says he also sees SpaceX stock pullback as a buying opportunity

Musk replied "I think so" to a post from Gali that called SpaceX's recent decline a potentially exceptional entry point, as a shared chart showed the stock well below earlier highs.

Fact Check
The primary X source (https://x.com/elonmusk/status/2084276940286870014) confirms Musk replied '@Gfilche I think so' on 2026-08-03. Gali's endorsed post (https://x.com/Gfilche/status/2084162508873761231) frames the SpaceX ($SPCX) stock decline as an exceptional opportunity with an attached chart, and related Gali posts reinforce that the drop is a mispriced entry point. The bloomingbit aggregator corroborates. Actual reply wording is 'I think so' (not 'I think so too' as some aggregators paraphrase), but the substance—Musk agreeing the pullback is a buying opportunity—is accurate.
Summary

Elon Musk endorsed a bullish view on SpaceX's recent share-price decline, replying "I think so" to a social media post from HyperChange podcast host Gali that said the stock's current downtrend could later look like "a crazy opportunity." A chart shared with the post showed SpaceX stock having reached about $200 after listing before falling back. As of July 31, the stock was shown at $108.37, down about 32.67% from its high over the past year and well below its record peak, with a market capitalization of about $1.43 trillion. The exchange adds public backing from Musk to a dip-buying thesis that may draw attention from traders watching the stock's retracement.

Terms & Concepts
  • buying opportunity: A market view that a recent price decline may offer an attractive point to purchase an asset.
  • market capitalization: The total market value of a company's outstanding shares, commonly used to gauge its size.
  • retracement: A pullback in price after a prior rise, often watched by traders for signs of potential entry levels.