A trader shorts over $7.5 million in SpaceX and Cerebras, currently facing a floating loss of over $50,000

Odaily reported that a trader shorted 9,220 shares of SpaceX with 3x leverage, with a position size of $1.88 million. Simultaneously, they shorted 18,130 shares of Cerebras with 3x leverage, with a position size of $5.63 million. The total floating loss currently exceeds $50,000.