Short sellers have sharply increased their bets against SpaceX, with about 185 million shares sold short, representing nearly 29% of the company's public float and around $25 billion in bearish wagers. This surge follows the stock's decline of about 20% in July, dipping briefly below its $135 IPO price. The increase in short interest comes ahead of upcoming lockup expirations that will release more shares into the market, potentially impacting the stock further. Investors are also watching SpaceX's 13th Starship test flight, which could influence market sentiment.
Space Exploration Technologies (SPCX) stock has experienced early volatility, falling slightly below its IPO price of $135. Despite this, Morgan Stanley analysts have set a $225 price target, indicating a 66% potential gain. The company is investing ...
SpaceX shares fell below their IPO price of $135 for the first time, dropping to $132.28 before closing slightly above at $135.27. The stock is down about 16% from its June 12 closing price and 36% from its peak on June 16. The decline reflects inves...
SpaceX shares dropped below their initial public offering (IPO) price of $135 for the first time after falling for four consecutive sessions. The stock has been volatile since its historic IPO last month, which raised a record $86 billion and made El...
SpaceX's stock has fallen about 30% since its IPO, nearing its initial price of $135. The upcoming 13th test flight of Starship on July 16 is crucial as it will test key improvements after issues in the last flight, including booster stability and en...
YieldMax ETFs introduced the YieldMax SPCX Option Income Strategy ETF (YSPC), which aims to generate income through options-based strategies linked to Space Exploration Technologies Corp. (SpaceX). The fund does not invest directly in SpaceX but uses...
