Source: NDTV [India]
“Short sellers betting against SpaceX have accumulated an estimated $15.5 billion in paper profits after the company’s shares fell sharply below their initial public offering (IPO) price, Reuters reported, citing data from analytics firm Ortex Technologies. The stock has declined 28% over the past month and fell another 6.7% in the previous trading session on July 22. On Wednesday, SpaceX shares dropped to a fresh low of $115.26, extending losses from their post-IPO peak of $225.64. The stock is now trading well below its IPO price of $135. Short selling involves borrowing shares and selling them with the expectation of buying them back later at a lower price, allowing traders to profit from a decline in the stock price.” (07/23/26)