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

Source: International Business Times

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.