Business

SpaceX is the most shorted large company right now. What’s behind the massive selloff

Why Wall Street is betting billions that Elon Musk’s SpaceX shares will keep tumblingSpaceX’s stock has lost half its value in the past month and made the rocket maker the most shorted large public company in America.Listen to this article00:0000:00SpaceX is facing significant questions about its long-term profitability. But experts say that isn’t the main…

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Why Wall Street is betting billions that Elon Musk’s SpaceX shares will keep tumbling

SpaceX’s stock has lost half its value in the past month and made the rocket maker the most shorted large public company in America.

A billboard of SpaceX is pictured on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City.
SpaceX is facing significant questions about its long-term profitability. But experts say that isn’t the main reason for its massive short position in the company’s stock. Jeenah Moon / Reuters file

Investors have placed massive bets that SpaceX stock will keep falling amid a multiweek decline following a blockbuster debut.

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Original source: https://www.nbcnews.com/business

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