Short sellers earn $8.7 billion as SpaceX shares fall to IPO price

Short sellers racked up $8.7 billion in profits as SpaceX shares dipped to their IPO price, according to data from analytics firm Ortex reported by Reuters. The drop represents a significant reversal for one of the world's most valuable private companies. The development marks a notable win for bearish investors who had bet against the Elon Musk-led company.

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📈 Business SpaceX shares slide — retail and Wall Street investors face losses CNBC · 7d ago 📈 Business SpaceX falls below IPO price – analyst outlines bullish rebound trade CNBC · 7d ago 📈 Business SpaceX shares fall back to IPO price one month after debut TVN24 · 9d ago