Short sellers notch $15.5 billion profit as SpaceX shares slip -Ortex

Thu, July 23, 2026 at 11:59 AM UTC

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NEW YORK, July 23 (Reuters) - Short sellers targeting SpaceX shares are sitting on an estimated $15.5 billion in paper profit since the rockets-to-AI firm's mid-June initial public offering, as its stock slipped below the IPO price, according to data through Tuesday from analytics firm Ortex Technologies.

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Short sellers aim to sell borrowed shares to buy them back at a profit.

(Reporting by Saqib Iqbal Ahmed, Editing by Louise Heavens)

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Source: “AOL Money”