Business · 4h ago
Short sellers net $8.7B as SpaceX shares dip to IPO price
Short sellers have made $8.7 billion in profits as SpaceX shares fell to their IPO price, according to Ortex data. The decline comes amid broader market volatility and concerns over SpaceX's valuation. The stock is now trading at the same level as its initial public offering.
Meridian48 take
The short-seller windfall highlights the risk of betting against Elon Musk's space venture, but the dip to IPO price suggests investor skepticism about SpaceX's near-term profitability.
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Short sellers notch $8.7B profit as SpaceX shares dip to IPO price →
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