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SpaceX Shares Drop 16%, Short Sellers Profit; Starship Test Rescheduled

7/24/2026

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Summary

Story summary

SpaceX closed at $118.24 on Wednesday, 16% below its $135 IPO price set June 12, 2026.
The price fell 48.7% from the June high of €194.46, erasing about €1 trillion.
Short sellers now hold roughly 32% of the public float—about 206 million shares worth $25 billion—and have $15.5 billion in unrealized profits.
SpaceX rescheduled the 13th Starship test for Thursday, July 25, 2026, with a 5:45 p.m. CT launch window to deploy 20 satellites.

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Story summary

SpaceX closed at $118.24 on Wednesday, 16% below its $135 IPO price set June 12, 2026.
The price fell 48.7% from the June high of €194.46, erasing about €1 trillion.
Short sellers now hold roughly 32% of the public float—about 206 million shares worth $25 billion—and have $15.5 billion in unrealized profits.
SpaceX rescheduled the 13th Starship test for Thursday, July 25, 2026, with a 5:45 p.m. CT launch window to deploy 20 satellites.