SpaceX Short Interest Hits 32% of Float as Musk Warns $25 Billion Bears
Updated
Updated · CNBC · Jul 21
SpaceX Short Interest Hits 32% of Float as Musk Warns $25 Billion Bears
3 articles · Updated · CNBC · Jul 21
Summary
About 206 million SpaceX shares are now sold short—roughly 32% of the public float, or $25 billion in bearish bets—up from 185 million last week and about 40 million a month ago.
S3 Partners said traders are adding exposure ahead of two catalysts: SpaceX's first earnings report as a public company on Aug. 4 and later lock-up expirations that could release more shares.
Elon Musk responded on X that firms keeping significant short positions in SpaceX have a "very low" survival probability and repeated his view the company could be worth more than Earth if it meets its goals.
SpaceX shares rose about 4% to around $125 on Tuesday after Macquarie reiterated an outperform rating, though the stock remains below its $135 IPO price after a sharp post-listing pullback.