SpaceX sheds post-IPO gains as short sellers pile in after options launch

Price ActionCorporate Action

โดย Yahoo Finance·Read original

Summary · why it matters

SpaceX shares have tumbled from a high of $225 to around $150 after options trading began on June 16, enabling short sellers to bet against the stock for the first time. The decline follows a predictable pump-and-dump pattern, with early investors locked up and no shorting available during the first four days of trading. Adding to the pressure, SpaceX raised $25 billion in a debt sale less than two weeks after its IPO, drawing $90 billion in orders but spooking the market with the rapid return to capital markets. The stock had previously surged on retail enthusiasm before the options launch opened the door for institutional shorting.

Space Exploration Technologies Corp. Class A Common Stock ▼