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Financial Times
Traders are increasingly betting against SpaceX just weeks after IPO
Following its recent IPO, SpaceX's stock has plummeted 40% from its high, leading to a surge in short selling and a decline in bond prices. Analysts suggest that investor enthusiasm has diminished, particularly with potential new shares hitting the market soon, raising fears of oversupply. Amidst a broader downturn in high-value tech stocks, this trend signifies a notable shift in market sentiment towards SpaceX's financial future.
MonitorConfidence: HighShort term horizonReputational risk: High
Published 18 Jul 2026, 16:40 UTC2 min read
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Summary
TL;DR
- SpaceX's shares have dropped to $123.99, down from an IPO price of $135.
- Traders have profited approximately $4bn from short selling SpaceX stock.
- About 30% of available SpaceX shares are being sold short.
- SpaceX bonds are trading closer to junk status, showing increased risk perception.
- New shares are expected to be released next month, raising supply concerns.
Interesting facts
- SpaceX's IPO raised a record $86bn at a nearly $2tn valuation.
- Yields on SpaceX's 30-year bonds have increased significantly since issuance.
- A market for SpaceX credit default swaps emerged, indicating rising default risk.