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SpaceX Short Sellers Bet Big on Upcoming Milestones
31 Jul
Summary
- Short sellers are heavily invested in SpaceX ahead of key events.
- Hundreds of millions of previously locked-up shares will soon be released.
- SpaceX is preparing for its first earnings report as a public company.
Short sellers are demonstrating a substantial increase in their bets against SpaceX, positioning themselves ahead of critical upcoming events. This heightened activity is directly linked to two significant milestones scheduled for next week. The first is SpaceX's highly anticipated first earnings report since becoming a publicly traded company. The second major event involves the release of hundreds of millions of shares that have been previously restricted or locked up.
As of July 29, the total short interest in SpaceX reached an impressive 219.3 million shares. This figure constitutes a considerable portion of the company's overall stock, equating to approximately 34%. The concentration of short positions suggests a strong bearish sentiment among a segment of investors who are anticipating a decline in SpaceX's stock value.
