SpaceX Stock Slides Below IPO Price as Short Sellers Pounce

SpaceX shares fell under their $135 IPO price this week. After reaching highs above $200 shortly after its Nasdaq debut in June, the stock has dropped by about one third. This decline triggered a surge in bearish bets, with short interest now covering roughly 29 percent of the tradable float.

Elon Musk remains publicly defiant about the company valuation. He recently stated on social media that SpaceX will eventually exceed the value of all material wealth on Earth. Musk also issued a warning to those betting against the company, claiming that firms holding large short positions against SpaceX face a low probability of long term survival.

Traders are now focused on a potential rebound pattern that could push the price back toward $158. However, the company faces upcoming pressure in August when initial share lockup periods expire, potentially increasing the supply of stock on the market.

Operational updates may also influence investor sentiment. SpaceX recently scrubbed a Starship test flight after an automated system halted the countdown due to engine ignition issues. With repair efforts underway, the market will be watching both the technical performance of the company and the upcoming stock availability for further signs of volatility.