Short sellers are stepping up their bets against SpaceX as the company’s stock continues to trade below its IPO price. Bearish positioning has risen sharply, highlighting growing skepticism around the shares as they remain under pressure.
According to the figures cited, roughly 185 million SpaceX shares are now sold short. That amounts to about 29% of the company’s publicly tradable float, a notably high level that suggests a large portion of the market is positioned for further weakness.
Heavy short interest can become a major focus for investors because it reflects negative sentiment and can add to stock volatility. With the shares still hovering below their offering level, the buildup in short positions points to a market that remains cautious about the stock’s near-term direction.
The latest move underscores how quickly sentiment can shift when a newly listed company struggles to hold above its debut price. For now, the scale of short selling shows that many traders are still expecting more downside rather than a rebound.
