As the stock price continues to decline, short sellers of SpaceX have realized paper profits of $3.88 billion

According to data from S3 Partners, as the stock price of SpaceX continues to fall, short sellers have realized paper profits of approximately $3.88 billion. SpaceX's stock price has currently fallen to around $135 per share, nearing its IPO pricing level, and has declined for four consecutive trading days.

Data shows that approximately 181 million shares of SpaceX are currently shorted, accounting for about 28% of the tradable float. Ihor Dusaniwsky, an analyst at S3 Partners, stated that this level of short interest is relatively high for the first month after a company goes public. (Bloomberg)