Short Sellers Bank $8.7B as SpaceX Stock Falls to IPO Price

Short sellers targeting SpaceX (ticker: SPCX) are sitting on approximately $8.7 billion in paper profits since the company's IPO on June 12, 2026, according to data analytics firm Ortex Technologies. SpaceX shares slipped to an intraday low of $132.15, dipping below the IPO price of $135, as the stock continues to trade below its initial offering level.

Why it matters: The massive short interest reflects bearish sentiment toward the rockets-to-AI company just weeks after its public listing, with short sellers having pressed their positions since the offering.