SpaceX short sellers earn $8.7 billion gains as shares dip below IPO price

Short sellers have capitalized on the decline of SpaceX shares, which fell below their initial offering price. Investors who anticipated this downturn borrowed and sold shares for a lucrative gain. Following its IPO peak, SpaceX stock has faced volatility, recently dipping towards the $135 mark. The company’s substantial debt for AI investments has raised concerns, potentially leading to more fluctuations in share prices due to significant short positions.

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