ME News reports that on July 23 (UTC+8), Musk posted on X last Friday warning that “institutions maintaining a significant short position in SpaceX have a very low probability of survival.” Yet short sellers have not retreated. According to data from Ortex Technologies, investors shorting SpaceX have collectively accumulated approximately $15.5 billion in paper profits since the company’s listing in mid-June. BIT (bit.com) market data shows that SpaceX’s stock price today fell to a record low of $110.85, well below its $135 IPO price and nearly halved from its post-listing peak of $225.64. Peter Hillerberg, co-founder of Ortex, stated, “There is no indication that short sellers are taking profits—if anything, they are doubling down.” As of Tuesday, approximately 360 million SpaceX shares—about 56% of the free float—had been borrowed for short selling, indicating highly concentrated short positions. (Source: BlockBeats)
SpaceX short sellers ignore Musk's warning, earn $15.5 billion in profits since IPO
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Summary
Elon Musk warned short sellers on X that institutions with large SpaceX positions might not survive. Despite this, short sellers have generated $15.5 billion in paper profits since the mid-June IPO. The stock price has fallen to $110.85, below its $135 IPO price. Value investing in crypto and equity markets often depends on such trends. Ortex’s Peter Hillerberg noted that short sellers are increasing their positions, with 56% of tradable shares currently borrowed.
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