Short sellers rack up $8.7 bln profit as SpaceX slips below IPO price -Ortex

Ortex estimates short sellers targeting SpaceX are up about $8.7B in paper profit since the IPO, with the stock slipping below the IPO price. This suggests the market’s near-term valuation expectations have been pressured post-listing, though it’s an informational update rather than an operating change.

Analysis

Ortex estimates short sellers targeting SpaceX are up about $8.7B in paper profit since the IPO, with the stock slipping below the IPO price. This suggests the market’s near-term valuation expectations have been pressured post-listing, though it’s an informational update rather than an operating change.