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SpaceX Short Bets Surge, Musk Warns Short Sellers May Pay the Price, Can the Stock Price See a Reversal?

SpaceX Short Bets Surge, Musk Warns Short Sellers May Pay the Price, Can the Stock Price See a Reversal?

TradingKey – Recently, SpaceX (SPCX) CEO Elon Musk publicly warned investors shorting the company, stating that institutions holding large short positions in SpaceX for the long term have an “extremely low probability of survival.” Musk also noted that if SpaceX achieves its established development goals, the company’s long-term value still has substantial room for growth.

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Musk’s remarks come as bearish bets against SpaceX are rising rapidly. According to estimates by financial data firm S3 Partners, approximately 206 million SpaceX shares were shorted this week, representing about 32% of the float, with the short position valued at around $25 billion. In comparison, the number of shorted shares was about 185 million last week and only…

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