SpaceX Short-Sellers' Unrealized Gains Hit $3.88B as Stock Plunges, Short Ratio Reaches 28%

According to financial data firm S3 Partners, short-sellers betting against SpaceX have accumulated unrealized gains of $3.88 billion as the company's stock continues to decline. Approximately 181 million SpaceX shares are currently shorted, representing 28% of outstanding shares—an unusually high level for a major U.S. company in its first month of trading. On July 15, SpaceX shares fell 0.60% to close at $135.27, approaching its initial public offering price of $135, with intraday lows near $132.15.

Over the past week alone, short positions increased by approximately 37 million shares, equivalent to roughly $5 billion at current prices. According to Bloomberg data compiled reports, SpaceX stock has declined approximately one-third since its June 16 closing high.