Business · 1h ago
SPCX becomes Wall Street's most shorted new stock after record IPO
SPCX, the world's most valuable IPO, has become the most shorted new stock on Wall Street. Short interest surged as traders bet against the company following its massive market debut. The stock's rapid rise and subsequent shorting activity highlight market skepticism about its valuation.
Meridian48 take
The record shorting suggests investors are betting the hype around SPCX's tech story has outpaced its fundamentals.
iposhort-selling