SpaceX stock price falls below issue price, short sellers make $15.5 billion profit on paper and increase short selling

According to data from Ortex Technologies, investors who short SpaceX stock have made a book profit of $15.5 billion since SpaceX's IPO in mid June, as the stock price fell from $225.64 to the issue price of $135. About 360 million SpaceX shares were loaned out, accounting for 56% of the outstanding shares. Peter Hillerberg, co-founder of Ortex, stated that short sellers are increasing their short positions on SpaceX. Musk said that companies that hold a large amount of short positions in SpaceX for a long time have a very low probability of survival.