economy
SpaceX seeing some interest from short sellers, but many still afraid to bet against Musk
About 40 million SpaceX shares are sold short, roughly 5% to 7% of the shares that are publicly available to trade, according to an estimate by S3 Partners.
TL;DR
- SpaceX shares have fallen approximately 28% from their June 16 peak.
- Only about 40 million SpaceX shares, or 5% to 7% of the tradable float, are currently sold short.
- Short interest in SpaceX is considered relatively modest compared to about 60 S&P 500 companies.
- Liquidity for borrowing SpaceX shares is ample, with low borrowing costs below 1%.
- Traders are reluctant to short SpaceX due to its strong growth narrative and retail investor support.
- Prominent investors like Michael Burry have opted out of shorting the stock.