SpaceX closed at $118.24 on the 23rd, up 2.59% from the previous trading day but still below its $135 IPO price, as CEO Elon Musk issued a warning to short sellers via social media. The stock has declined 47% from its post-IPO peak of $225.64, with short sellers accumulating an estimated $15.5 billion in unrealized gains as of the 21st according to data analytics firm Ortex Technologies. Market analysts attribute the decline to high valuation concerns and post-IPO supply pressure, with short-selling capital flowing in rapidly during the correction phase following the initial surge after SpaceX's debut on the 12th of last month.
Short Sellers Accumulate $15.5 Billion in Unrealized Gains as of the 21st
Data analytics firm Ortex Technologies reported that as of the 21st, short sellers betting against SpaceX stocks held approximately $15.5 billion in unrealized profits. Borrowed shares totaled approximately 360 million, equivalent to 56% of the float. The stock reached an intraday low of $115.26 on the 22nd, bringing the decline from the peak to nearly 49%. SpaceX debuted on Nasdaq on the 12th of last month at $135 per share, raising approximately $85.7 billion including overallotment option exercise, with 638,888,888 shares offered in total.
Musk Warns Short Sellers via Social Media
Elon Musk responded directly via social media, warning that companies maintaining large short positions against SpaceX for extended periods have a very low probability of survival. The move echoes his past confrontations with short sellers during Tesla's earlier years. Market observers note the warning came as short-selling activity intensified during the stock's correction phase.
Starship 13th Test Flight Rescheduled to the 24th Due to Weather
SpaceX rescheduled the Starship 13th test flight to the 24th (local time) after postponing the originally planned the 23rd launch due to weather conditions near the launch site. One of the primary objectives of this test flight is the deployment trial of 20 next-generation Starlink V3 satellites. The satellites will not be placed into operational orbit but will follow a suborbital trajectory similar to Starship's flight path before re-entry. Starship is evaluated as a core project that will determine SpaceX's long-term enterprise value, as the stabilization of the reusable super-heavy launch vehicle could reduce satellite launch costs and accelerate Starlink expansion.
First Earnings Report Scheduled for the 4th of Next Month, Lockup Expiration on August 6th
SpaceX will announce its first post-IPO earnings on the 4th of next month. Following that, up to 911.5 million shares held by insiders and early investors may become available for sale on August 6th when the lockup period expires. While the actual volume and timing of sales have not been confirmed, market observers note that the possibility of large-scale lockup expiration itself may exert pressure on the stock price in the short term.
FAQ
What caused SpaceX stocks to decline 47% from the peak?
SpaceX stocks declined 47% from the post-IPO peak of $225.64 to $118.24 on the 23rd. Market analysts attribute the decline to high valuation concerns and post-IPO supply pressure, with short-selling capital flowing in rapidly during the correction phase following the initial surge after the company's Nasdaq debut on the 12th of last month at $135 per share.
How much profit have short sellers made on SpaceX stocks?
According to data analytics firm Ortex Technologies, short sellers betting against SpaceX stocks accumulated approximately $15.5 billion in unrealized gains as of the 21st. Borrowed shares totaled approximately 360 million, equivalent to 56% of the company's float.
When is SpaceX's first earnings report scheduled?
SpaceX will announce its first post-IPO earnings report on the 4th of next month. This will be followed by a lockup expiration on August 6th, when up to 911.5 million shares held by insiders and early investors may become available for sale.
