Ortex Technologies data through Tuesday show short sellers have roughly $15.5bn in unrealized profits since SpaceX’s mid‑June IPO after the share price dropped below the $135 IPO price from a post‑IPO high of $225.64. "There is currently no sign shorts are covering SpaceX positions," Ortex co‑founder Peter Hillerberg said. "If anything, they are adding to them." About 360 million SpaceX shares have been borrowed, roughly 56% of the free float. Last Friday Elon Musk said companies holding large,

Ortex Technologies data through Tuesday show short sellers have roughly $15.5bn in unrealized profits since SpaceX’s mid‑June IPO after the share price dropped below the $135 IPO price from a post‑IPO high of $225.64. "There is currently no sign shorts are covering SpaceX positions," Ortex co‑founder Peter Hillerberg said. "If anything, they are adding to them." About 360 million SpaceX shares have been borrowed, roughly 56% of the free float. Last Friday Elon Musk said companies holding large, long‑dated short positions in SpaceX have a very low probability of survival.