SpaceX faces increased bearish pressure as short sellers ramp up bets against the company. SPCX's stock has fallen below its IPO price.

SpaceX shares dropped below the $135 IPO price on July 15, falling over 30% from post-listing highs and shaking both traditional and tokenized equity

Space Exploration Technologies Corp (NASDAQ:SPCX) stock fell below its IPO price of $135 for the first time on Wednesday.