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

NEW YORK, July 16 : Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm's initial public offering, as its stock slipped below the IPO price, according to data and analytics firm Ortex Technologies.Short sellers aim to sell borrowed shares

giovedì 16 luglio 2026 New tab

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FILE PHOTO: A billboard of SpaceX is pictured on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. REUTERS/Jeenah Moon/File Photo

16 Jul 2026 10:18PM

NEW YORK, July 16 : Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm's initial public offering, as its stock slipped below the IPO price, according to data and analytics firm Ortex Technologies.Short sellers aim to sell borrowed shares to buy them back at a profit.

Source: Reuters