Economic TimesLean R·
SpaceX short sellers earn $8.7 billion gains as shares dip below IPO price
Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm's initial public offering last month, as its stock slipped below the IPO price, according to data and analytics firm Ortex Technologies.Short sellers, who borrow shares to sell them and later buy them back at a lower price for a profit, have pressed their bearish bets on SpaceX as the company's shares slipped toward its IPO price of $135 from a post-IPO high of $22…
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