Betting Against Elon Musk's SpaceX Has Cleared More Than $7 Billion, Says Research Firm - SpaceX (NASDAQ:

Amidst the AI-induced boom and fears of a bubble, short-sellers identified an opportunity to bet against the rally.

However, betting against Elon Musk-led commercial space flight giant Space Exploration Technologies Corp.

(NASDAQ:SPCX) has turned out to be particularly profitable.

Shorting SpaceX Cleared More Than $7 Billion According to a report by the New York Times on Tuesday, market research firm S3 Partners' Ihor Dusaniwsky, who is the firm's Head of Predictive Analytics, said that short-sellers cleared approximately $7.3 billion since SpaceX's IPO in June.

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