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Technology@lemmy.worldEnglish · 1 month ago

SpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5B

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SpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5B

stermy4u@lemmy.world to

Technology@lemmy.worldEnglish · 1 month ago

SpaceX stock falls below its $135 IPO price to $115.26, giving short sellers $15.5 billion in paper profits as traders double down on bearish market bets.

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1 month ago
It provides a service of figuring out what the value of spacex really is.

Why that service is allowed to generate so much money for people is bonkers to me.

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