SpaceX Stock Drops Below IPO; Shorts Pile In
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- SpaceX stock closed below its IPO price for the first time since going public, per NBC News, with CNBC reporting that short sellers have loaded up to bet against the company.
- Elon Musk lost his trillionaire status in the selloff, while Yahoo Finance documented split Wall Street reactions ahead of an upcoming Starship test flight.
Why it matters: SpaceX closing below its IPO price for the first time hands short sellers a fresh signal — CNBC's coverage shows hedge funds piling in rather than treating this as a buyable dip. With Yahoo Finance flagging divided analyst views and a Starship test flight imminent, the next flight outcome becomes the clearest near-term catalyst for either a recovery or a deeper rout.
