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

Odaily Planet Daily News According to S3 Partners data, as the SpaceX stock price continues to fall, paper profits for short-selling investors have reached approximately $3.88 billion. The SpaceX stock price has currently dropped to around $135 per share, approaching its IPO pricing level, and has fallen 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. S3 Partners analyst Ihor Dusaniwsky stated that this short interest ratio is relatively high for the first month of a newly listed company. (Bloomberg)