SpaceX's drop post-offering seen as stable
SpaceX's stock has declined after a significant rise following its initial public offering, losing more than a quarter of its value over the past week. It has fallen 12% this week and 28% from its June peak, erasing hundreds of billions of dollars from its market capitalization. However, short positions remain limited, accounting for only 5% to 7% of the total shares, and the market continues to offer high liquidity with low borrowing costs. Traders appear hesitant to bet against the stock, especially since the company remains one of the most attractive growth stories in the market.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)