As stock prices continue to decline, short sellers of SpaceX have recorded a paper profit of $3.88 billion.

Odaily Planet Daily News According to data from S3 Partners, as SpaceX's stock price continues to fall, short sellers have recorded a paper profit of approximately $3.88 billion. SpaceX's stock price has now fallen to around $135 per share, approaching its IPO pricing level, and has declined for the fourth consecutive trading day.

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 a newly listed company in its first month of trading. (Bloomberg)