Short Sellers Pocket $8.7 Billion as SpaceX Shares Fall Below IPO Price

Short sellers notch $8.7B profit as SpaceX shares dip to IPO price

Short sellers are sitting on a massive $8.7 billion paper profit as SpaceX stock slides below its initial public offering price of $135. Despite a post-IPO high of $225.64, the aerospace giant's shares have struggled amid concerns over debt-funded AI spending. With nearly half of the free float borrowed, bears have aggressively added to their positions, turning a volatile market into a lucrative opportunity for those betting against the company.

"SpaceX has been a rollercoaster for the short sellers, and it has ended up firmly in their favor."