Elon Musk Warns Short Sellers as $25 Billion Bet Builds Against SpaceX Ahead of Earnings
SpaceX, listed under the ticker SPCX (NASDAQ:SPCX), has become one of the most shorted stocks since its historic IPO in June. Short interest now stands at over 206 million shares—32% of the float—and represents $25 billion in bearish bets according to S3 Partners. The surge is attributed to staggered lockup expirations, with a major tranche set for August 6 following SpaceX’s first earnings report on August 4. Elon Musk has publicly warned short sellers that firms maintaining significant positions against SpaceX are unlikely to survive long-term. Despite the stock's recent decline from its $225 high in June to around $123, market analysts caution about potential volatility due to a possible short squeeze if earnings exceed expectations or insider selling is lighter than anticipated. Investors remain cautious ahead of key events: SpaceX’s first public earnings report and subsequent lockup expiration. Strategic traders are advised to wait for the initial post-earnings sell-off before considering long positions in what some view as an undervalued asset.
Tickers: $SPCX
Topics: Elon Musk commentary IPO performance short selling SpaceX (SPCX)