SpaceX Short Interest Surges to 29% as Stock Sinks Below IPO Price
SPCX is trading near its 52-week low of $130.74 (2.8% below the low).
Summary
Bearish bets against SpaceX have tripled in three weeks, with short interest now at 29% of the public float — roughly 185 million shares worth $25 billion. The stock has fallen about 20% in July and briefly dipped below its $135 IPO price for the first time on Wednesday, last trading around $131. This follows the company's record $86 billion IPO in June and a brief surge that pushed its valuation near $3 trillion. The rapid buildup in short positions and the breach of the IPO price signal deepening skepticism about the stock's valuation after the initial euphoria faded.
At the time of this announcement, SPCX was trading at $127.07 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.7T. The 52-week trading range was $130.74 to $225.64. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Binance News.