SpaceX short sellers gain $8.7 billion as stock falls below IPO - Ortex

Investing.com -- Short sellers betting against SpaceX have accumulated approximately $8.7 billion in unrealized gains since the company's initial public offering, according to data from Ortex Technologies. The aerospace and artificial intelligence company's shares have dropped below their IPO price.

Short selling involves borrowing shares to sell them, with the goal of repurchasing them at a lower price to generate a profit.

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