SpaceX Stock Plunges 47% in One Month to $118 as Musk Warns Short Sellers

SPCX-2.71%
According to financial investment industry sources, SpaceX stock closed at $118.24 on July 24, up 2.98% from the previous trading day but still below its IPO price of $135. The decline represents a 47% drop from its peak of $225.64 reached shortly after the company's Nasdaq debut last month. Short sellers hold approximately 360 million shares—56% of outstanding stock—with unrealized gains estimated at $15.5 billion as of July 21, according to data analytics firm Oxtex Technologies. CEO Elon Musk responded via social media, warning that companies facing large-scale short positions over extended periods have very low survival prospects.
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