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

The stock has fallen over 10% since its listing on the Nasdaq on June 8.

Discover why SpaceX shares have fallen below their IPO price for the first time and what it means for investors and the stock market. Read more at straitstimes.com. Read more at…