SpaceX short sellers gain $8.7 billion as stock falls below IPO - Ortex

Short sellers have achieved profits totaling $8.7 billion as the stock value of SpaceX declined. According to data provided by Ortex, the company's stock has slipped below its original IPO price. This market movement allowed those betting against the stock to realize significant financial gains as the valuation dropped. The reports highlight the specific monetary impact of the price decrease on investors who held short positions against the aerospace company's market performance.