SpaceX stock now has 35% of its float sold short, with bears wagering more than $26 billion and pocketing $7.3 billion in profits so far.

SpaceX ($SPCX) crashed 51% from its peak. Charlie Bilello explains why the August lockup expiration of could tank the stock further.

SpaceX stock SPCX hit an all-time low of $109.53, dropping 18% below its IPO price despite Starship Flight 13 achieving key milestones.