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Technology@lemmy.worldEnglish · 4 months 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 · 4 months 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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4 months ago

It then becomes a slippery slope of abuse and wealth concentration.

That’s what stock markets are right now.

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