Short Sellers Park Rockets on SpaceX Stock as SPCX Slides 25% in Five Sessions 🚀

Shares of SpaceX (SPCX) have fallen more than 25% over the past five trading sessions, extending a pullback that has left the stock roughly 30% below its post-IPO peak. The decline has coincided with a sharp rise in short interest, according to data from Ortex Technologies cited by Reuters. Short interest in SpaceX climbed to 13% of the stock's publicly tradable shares, up from 8% the prior trading session. The jump points to a rapid buildup in bearish positioning against the Elon Musk-linked listing since its blockbuster IPO earlier this month.

The post-debut selloff has drawn scrutiny from traders tracking both the equity and adjacent crypto markets, where Musk-linked tokens and AI-themed assets have historically moved in sympathy with his companies. Despite the bearish tilt, market participants have noted that SPCX's limited public float could amplify price swings in either direction, raising the prospect of a short squeeze if sentiment reverses.

SPCX's slide comes against a broader backdrop of mixed performance among recent high-profile listings, several of which have struggled to hold post-IPO gains. Ortex data shows short interest across newly public names has climbed in recent weeks, though SpaceX's move has been among the steepest. The stock continues to trade well above its IPO price, even as the post-IPO peak remains out of reach. As of the latest available data, SPCX was last quoted 30% below its post-IPO high, with short interest at 13% of float.