Short sellers notch $15.5 billion profit as SpaceX shares slip -Ortex

FILE PHOTO: The SpaceX logo in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

23 Jul 2026 07:59PM

NEW YORK, July 23 : Short sellers targeting SpaceX shares are sitting on an estimated $15.5 billion in paper profit since the rockets-to-AI firm's mid-June initial public offering, as its stock slipped below the IPO price, according to data through Tuesday from analytics firm Ortex Technologies.Short sellers aim to sell borrowed shares to buy them back at a profit.

Source: Reuters