Space Exploration Technologies Corp. Class A Common StockSPCX
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Impact on stocks 1
Space Economy
Space Exploration Technologies Corp. Class A Common StockSpace Exploration Technologies Corp. Class A Common StockShort sellers have boosted their bets against SpaceX to roughly 32% of its publicly tradable float, or about 206 million shares and $25 billion in notional value, according to S3 Partners. That is up from 29% last week and a sharp increase from an estimated 5% to 7% a month ago. Elon Musk responded on X, saying the survival probability of firms with a significant short position in SpaceX over time is very low. The growing bearish position comes ahead of key catalysts including the company's first quarterly earnings report as a public company on August 4 and subsequent lock-up expirations. SpaceX shares rose about 4% on Tuesday to around $125, though they remain below the $135 initial public offering price.