Short Sellers Net $8.7B Betting Against SpaceX as Stock Sinks Below IPO Price

NDTV—Short sellers positioned against SpaceX have accumulated approximately $8.7 billion in unrealized profits as the company's stock declined below its $135 initial public offering price. The decline has been fueled by concerns about Elon Musk's divided focus across his businesses and skepticism about SpaceX's near-term revenue growth following its public listing. An earlier estimate had put short-seller gains at roughly $4 billion when the stock was still above the IPO price. The scale of short interest reflects significant institutional doubt about whether SpaceX's post-IPO valuation can be sustained.

• NDTV — An earlier estimate put short seller profits at around $4 billion before the stock fully breached the $135 IPO price floor
• Futurism — Short Sellers Are Having a Field Day Betting Against SpaceX as Shares Continue to Slip
• Reuters — Short sellers notch $8.7 bln profit as SpaceX shares dip to IPO price