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

SpaceX shares have fallen nearly 30% after a blockbuster IPO. Here's why the stock is slumping, how IPOs work, and what investors should know.

SpaceX stock falls 40% from its post-IPO peak below $135 as tokenized equity volumes surge to $3.86 billion, with SpaceX tokens driving 31% of