SpaceX has fallen below its offer price, triggering a sharp build-up in bearish bets, according to Bloomberg. Data cited in the report showed short sellers were sitting on nearly $3.88 billion in paper profits, with about 181 million SpaceX shares sold short. That position accounts for roughly 28% of the company’s free float, underscoring how heavily traders have leaned into the decline.
The drop has been steep. Since hitting a closing high on June 16, SpaceX has lost about $86 billion in market value, a slide of roughly one-third. Investors are now watching two near-term catalysts closely: the company’s first quarterly earnings report and the release of additional locked-up shares. Both events could shape the stock’s next move as the market gauges whether the selling pressure has run its course or will continue to build.
SpaceX has fallen below its offer price, drawing aggressive short interest, according to Bloomberg.
Data cited in the report showed short sellers were sitting on nearly $3.88 billion in paper gains. About 181 million shares of SpaceX were sold short, equal to roughly 28% of the company’s free float.
Since reaching a closing high on June 16, SpaceX has shed about $86 billion in market value, a decline of one-third.
Investors are now focused on the company’s first quarterly earnings report and the coming release of more locked-up shares, both of which are being watched closely for their potential impact on the stock price.
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