world-economy

SpaceX Short Interest Remains Muted Despite Sharp Post-IPO Selloff

SpaceX shares have declined roughly 28% from their June 16 peak following the company's June 12 initial public offering, yet short sellers remain cautious about betting against the aerospace firm. Approximately 40 million shares are currently sold short, representing 5% to 7% of the company's publicly tradable float of 625 million shares, according to S3 Partners analysis. The modest short positioning contrasts with roughly 60 S&P 500 companies carrying short interest exceeding 7% of their float. More than 30 million SpaceX shares remain available to borrow, with annualized borrowing fees below 1%, indicating ample liquidity in the securities lending market. Traders appear hesitant to establish short positions against the closely followed growth story with its substantial retail investor base. Even prominent market skeptics have avoided the trade.