Shorts Target SpaceX With 40 Million Shares Amid Post-IPO Volatility

According to S3 Partners, approximately 5%-7% of SpaceX's circulating shares (around 40 million shares) are currently shorted as of June 23. Borrowing costs for short sellers stand at 60 basis points, reflecting increased stock availability in the market. On Tuesday, SpaceX shares initially fell to $147.11 before recovering to close at $164.04, up 6% from the day's opening.
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