Short Sellers Rack Up $8.7B Profit as SpaceX Falls Below IPO Price
SPCX is trading near its 52-week low of $132.15 (3.2% above the low) on light trading volume (0.1× avg).
Summary
SpaceX shares have fallen below their $135 IPO price, handing short sellers an estimated $8.7 billion in paper profits since the June debut. The stock is trading near its 52-week low of $132.15, a sharp reversal from the post-IPO euphoria that briefly pushed its market cap near $3 trillion. This is the first concrete data on the scale of bearish bets against the company, and the breach of the IPO price is a psychological blow that could trigger further selling. The decline follows the $60 billion Anysphere acquisition and a broader cooling of AI hype. With the stock under pressure, the next earnings report will be critical to see if fundamentals can support the lofty valuation.
At the time of this announcement, SPCX was trading at $136.34 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8T. The 52-week trading range was $132.15 to $225.64. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.