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Story summary
- Short sellers have earned $15.5 billion in paper profit since SpaceX’s June IPO.
- SpaceX listed at $135 on June 12, raised $85.7 billion, and peaked at $225.64 on June 16.
- Ortex reports 360 million shares (56% float) on loan, with S3 noting 206 million shares (32% float) short.
- Elon Musk warned firms with large short positions in SpaceX have very low survival odds.
- Short sellers build bets ahead of SpaceX’s August 4 earnings and lock-up expirations.
