Elon Musk predicts that investors betting against SpaceX will likely lose as the company prepares to release its first public earnings report.
Elon Musk stated that the survival probability for firms maintaining a significant short position in SpaceX is very low as the company prepares for its first public quarterly earnings report on Aug. 4. This prediction comes as short sellers have aggressively increased their bearish wagers, with approximately 32% of the company's publicly tradable shares now sold short. The stock has faced a significant post-listing pullback, falling more than 50% from its all-time intraday high. This decline contributed to a broader "violent crash" in space-related stocks, where the median stock in the sector has fallen 58% from its 2026 peak. While the recent sell-off reflects a rapid race of prices ahead of durable profits, analysts note that the group is not yet conventionally oversold. Investors are now looking toward the upcoming August 4 results to determine if the stock will stop making new lows and begin to build a stable base for future growth.