Short sellers are rapidly increasing their bearish bets on SpaceX as the stock price dips below its initial IPO offering price.
Short sellers are aggressively betting against SpaceX as the company's stock price falls below its $135 IPO offering price. According to S3 Partners, approximately 185 million shares are now sold short, representing about 29% of the company's public float. This bearish positioning has grown significantly from just 5% to 7% of the float only three weeks ago. The stock recently experienced a five-day losing streak, trading around $131 to $133. Analysts note that the market is currently showing some indifference despite the high-profile 13th Starship test flight. Investors are also preparing for a lockup schedule that will release a large volume of shares for sale over the coming months. While some analysts view the current pullback as a buying opportunity, others highlight that the stock's valuation relies on a long-term vision. Despite the recent volatility, many investors remain optimistic about the company's future and its leadership.