Short Sellers Are Going Hog Wild Against SpaceX as Its Stock Craters

SpaceX shares slid to a new low, deepening concerns about the company’s valuation.

Short sellers have increased bets against the stock and are reportedly sitting on large paper gains.

Investors are now watching two near-term catalysts: SpaceX’s first quarterly earnings report and another Starship test.

The slump highlights growing skepticism that current business results can justify SpaceX’s lofty ambitions.