Jefferies CEO says firm is not in the SpaceX shorting business

Dow Jones06-04

MW Jefferies CEO says firm is not in the SpaceX shorting business

By Steve Goldstein

Jefferies CEO says the firm is not arranging any shorts of SpaceX.

Some 23 firms are handling the SpaceX initial public offering, and Jefferies Financial Group is not one of them.

But its CEO says Jefferies $(JEF)$ is not taking the other side of the hotly-awaited IPO.

"Not true. Not arranging any shorts," Jefferies CEO Rich Handler said in a post on X, responding to the Exec Sum account that summarized a Bloomberg article saying the investment bank was the destination for help in betting against Elon Musk's company.

He then posted another message, saying: "Jefferies is not promoting any shorting activity regarding any IPO. Any suggestion to the contrary is WRONG."

The article quoted people familiar with the matter as saying not only were some Jefferies executives looking to help investors short the stock, but also flip them after SpaceX debut.

The IPO is targeting $75 billion of proceeds and a valuation of nearly $1.75 trillion.

That compares to SpaceX's adjusted earnings before interest, tax, depreciation and amortization of $6.58 billion and revenue of $18.67 billion last year.

The S&P 500 SPX trades at an enterprise value to EBITDA of 17, according to FactSet, and 3 times last year's sales.

-Steve Goldstein

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

June 04, 2026 05:37 ET (09:37 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Not arranging any shorts,\" Jefferies CEO Rich Handler said in a post on X, responding to the Exec Sum account that summarized a Bloomberg article saying the investment bank was the destination for help in betting against Elon Musk's company. \n</p>\n<p>\n     He then posted another message, saying: \"Jefferies is not promoting any shorting activity regarding any IPO.  Any suggestion to the contrary is WRONG.\" \n</p>\n<p>\n     The article quoted people familiar with the matter as saying not only were some Jefferies executives looking to help investors short the stock, but also flip them after SpaceX debut. \n</p>\n<p>\n     The IPO is targeting $75 billion of proceeds and a valuation of nearly $1.75 trillion. \n</p>\n<p>\n     That compares to SpaceX's adjusted earnings before interest, tax, depreciation and amortization of $6.58 billion and revenue of $18.67 billion last year. \n</p>\n<p>\n     The S&amp;P 500 SPX trades at an enterprise value to EBITDA of 17, according to FactSet, and 3 times last year's sales. \n</p>\n<p>\n     -Steve Goldstein \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. 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Not arranging any shorts,\" Jefferies CEO Rich Handler said in a post on X, responding to the Exec Sum account that summarized a Bloomberg article saying the investment bank was the destination for help in betting against Elon Musk's company. \n</p>\n<p>\n     He then posted another message, saying: \"Jefferies is not promoting any shorting activity regarding any IPO.  Any suggestion to the contrary is WRONG.\" \n</p>\n<p>\n     The article quoted people familiar with the matter as saying not only were some Jefferies executives looking to help investors short the stock, but also flip them after SpaceX debut. \n</p>\n<p>\n     The IPO is targeting $75 billion of proceeds and a valuation of nearly $1.75 trillion. \n</p>\n<p>\n     That compares to SpaceX's adjusted earnings before interest, tax, depreciation and amortization of $6.58 billion and revenue of $18.67 billion last year. \n</p>\n<p>\n     The S&amp;P 500 SPX trades at an enterprise value to EBITDA of 17, according to FactSet, and 3 times last year's sales. \n</p>\n<p>\n     -Steve Goldstein \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. 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Not arranging any shorts,\" Jefferies CEO Rich Handler said in a post on X, responding to the Exec Sum account that summarized a Bloomberg article saying the investment bank was the destination for help in betting against Elon Musk's company.He then posted another message, saying: \"Jefferies is not promoting any shorting activity regarding any IPO.  Any suggestion to the contrary is WRONG.\". The article quoted people familiar with the matter as saying not only were some Jefferies executives looking to help investors short the stock, but also flip them after SpaceX debut.The IPO is targeting $75 billion of proceeds and a valuation of nearly $1.75 trillion.That compares to SpaceX's adjusted earnings before interest, tax, d","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4615":"SpaceX概念","JEF":"杰富瑞","BK4127":"投资银行业与经纪业","UFO":"Procure Space ETF","BK4559":"巴菲特持仓","SPCX":"SPAC and New Issue ETF","XOVR":"ERShares Private-Public Crossover ETF","DXYZ":"Destiny Tech100 Inc"},"translate_title":"杰富瑞首席执行官表示该公司不从事SpaceX做空业务","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/c5a39631213954a2e97b00730cb503d4","symbols_score_info":{"DXYZ":1.5,"SPCX":1.5,"XOVR":1.5,"UFO":0.6,"JEF":1},"content_text":"MW Jefferies CEO says firm is not in the SpaceX shorting business\n\n\n  By Steve Goldstein \n\n\n     Jefferies CEO says the firm is not arranging any shorts of SpaceX. \n\n\n     Some 23 firms are handling the SpaceX initial public offering, and Jefferies Financial Group is not one of them. \n\n\n     But its CEO says Jefferies $(JEF)$ is not taking the other side of the hotly-awaited IPO. \n\n\n     \"Not true. Not arranging any shorts,\" Jefferies CEO Rich Handler said in a post on X, responding to the Exec Sum account that summarized a Bloomberg article saying the investment bank was the destination for help in betting against Elon Musk's company. \n\n\n     He then posted another message, saying: \"Jefferies is not promoting any shorting activity regarding any IPO.  Any suggestion to the contrary is WRONG.\" \n\n\n     The article quoted people familiar with the matter as saying not only were some Jefferies executives looking to help investors short the stock, but also flip them after SpaceX debut. \n\n\n     The IPO is targeting $75 billion of proceeds and a valuation of nearly $1.75 trillion. \n\n\n     That compares to SpaceX's adjusted earnings before interest, tax, depreciation and amortization of $6.58 billion and revenue of $18.67 billion last year. \n\n\n     The S&P 500 SPX trades at an enterprise value to EBITDA of 17, according to FactSet, and 3 times last year's sales. \n\n\n     -Steve Goldstein \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. 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