Odaily, citing the Financial Times, reported that as SpaceX shares pulled back, some traders began betting on further downside through short positions and other bearish strategies. After falling for four straight trading days, the stock dropped below its $135 issue price. From its historical peak, SpaceX has declined by more than 40%, wiping out more than $1 trillion in market value. The report added that Elon Musk’s personal fortune has shrunk by more than $250 billion over the past month. The move reflects a sharp reversal in SpaceX’s recent share performance and has drawn attention to growing bearish positioning around the stock.
Odaily reported, citing the Financial Times, that as SpaceX shares pulled back, some traders started betting on further declines through short positions and other bearish strategies.
After four consecutive trading days of losses, SpaceX shares officially fell below the $135 issue price. From the stock’s historical peak, the cumulative decline has exceeded 40%, erasing more than $1 trillion in market value.
The report also said Elon Musk’s wealth has fallen by more than $250 billion over the past month.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
