SpaceX short sellers hold $8.7 billion in paper gains as SPCX slips below IPO price

Short sellers betting against SpaceX have roughly $8.7 billion in paper profit, per Ortex data cited by Reuters on July 16. SPCX closed at $135.27 on July 15, about 16% below its June 12 IPO price of $160.95. The gains are mark-to-market, not realized; shorts remain exposed to any price reversal.