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SpaceX's Stock Has Tumbled Below Its IPO Price. Short Sellers Betting Against It Are Up Billions

SpaceX
International Business Times Fews App News Provider
Fews App Post Time ha 3h

According to data from analytics firm Ortex Technologies, short sellers have continued to increase their bearish wagers even after the stock's steep decline. Getty Images Investors betting against SpaceX have amassed an estimated $15. 5 billion in paper profits just weeks after the company's blockbuster initial public offering, as the stock continues to slide below its debut price amid mounting concerns over valuation and heavy spending on artificial intelligence.

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