SpaceX shares have fallen below their initial public offering price as short sellers increase their bets against the company. Approximately 185 million SpaceX shares are currently sold short, representing around 29% of the company’s publicly tradable float, according to S3. This comes after a recent dip in the stock's value.
The increased short interest signals investor concern regarding SpaceX’s valuation and future performance. While no specific reasons for the negative sentiment were detailed in available sources, the substantial volume of shares sold short suggests a belief among some investors that the stock price is likely to decline further. The current level of short interest represents a significant position relative to the company's float.
Reports indicate the share price fell below its IPO price on Wednesday, though specific pricing details were not provided. No right-leaning outlets reported on this development; coverage appears limited to CNBC and RT.
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