SpaceX short sellers earn $15.5B

Short sellers of SpaceX's stock have netted profits of $15.5 billion since its initial public offering in mid-June, following a decline in the stock price below the offering price of $135. The stock started with a market value exceeding one trillion dollars but fell nearly 40% from its peak after listing, allowing investors betting against the stock to make substantial gains. The buying and selling of borrowed shares continued amid expectations of ongoing volatility, especially as the lock-up periods ending could lead to increased selling pressure on the stock price.

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