On July 17, SpaceX fell 4.41% in pre-market trading to $125.08/share, with turnover of $25.43 million, extending losses further below its $135 IPO price and marking a cumulative retreat of over 40% from its post-listing high of $225.64.
On the news front, SpaceX's Starship Flight 13 — the company's first launch attempt since its June IPO — was automatically aborted in the final moment before liftoff after multiple Raptor engines failed to ignite. CEO Elon Musk confirmed the abort on social media, stating propellant is being offloaded and a next attempt is expected within days. The mission was intended to validate V3 system performance and deploy 20 next-generation Starlink satellites.
Simultaneously, short sellers are aggressively building positions. According to S3 Partners data, approximately 185 million SpaceX shares are currently sold short, representing roughly 29% of the public float and carrying a notional value of approximately $25 billion. This figure stood at just 40 million shares three weeks ago. Short sellers have accumulated paper profits of nearly $3.9 billion as the stock continues to slide from its highs.
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