Hedge funds that did not invest in SpaceX are contacting JEFFERIES to explore
arranging short positions after the IPO, and some bearish investors and senior
JEFFERIES managers view the non‑participation as an opportunity, according to
people familiar with the matter. As the largest U.S. bank excluded from the
23‑bank underwriting group, JEFFERIES is uniquely positioned to facilitate such
trades; lawyers and compliance teams typically flag conflicts when different
divisions take opposite client positions, and if any underwriters were to engage
In shorting, Elon Musk’s reaction would be unpredictable.
