Lates News

SpaceX (SPCX.O) stock price falling below IPO triggers massive short selling. Data shows that short sellers have realized profits of nearly $3.88 billion with approximately 181 million shares of SpaceX stock being shorted, accounting for about 28% of the float. Since hitting a closing high on June 16th, SpaceX's market value has shrunk by about $860 billion, a drop of one-third. With the company set to release its first quarterly earnings report and more restricted shares being unlocked, investors are closely watching the stock price movement.