Ortex Technologies data shows that since SpaceX’s IPO in mid-June, short sellers have realized $15.5 billion in paper profits as the stock price fell below its offering price of $135 from $225.64. Approximately 360 million SpaceX shares have been borrowed, accounting for 56% of the outstanding shares. Ortex co-founder Peter Hillerberg stated that short sellers are increasing their short positions in SpaceX. Musk said that companies holding large short positions in SpaceX for the long term have a very low probability of survival.
SpaceX stock drops below IPO price, short sellers gain $15.5 billion
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Summary
SpaceX stock has dropped below its IPO price of $135, with short sellers realizing $15.5 billion in paper profits. Over 360 million shares, or 56% of the float, are currently borrowed for shorting. Peter Hillerberg of Ortex Technologies noted that short positions are increasing. Elon Musk warned that companies with large short bets against SpaceX face low chances of survival. Crypto price movements remain a key focus for traders, with price analysis indicating heightened market volatility across sectors.
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