Key facts
- SpaceX stock has declined over 25% in the last five trading sessions.
- Short interest in SpaceX has risen to 13% of its publicly tradable shares.
- The stock is trading about 30% below its post-IPO peak.
- SpaceX has a market capitalization of $2.056 trillion.
- Analysts caution that a limited public float could trigger a short squeeze.
SpaceX's stock is experiencing pressure following its recent IPO, with shares falling over 25% in the past five trading sessions and trading approximately 30% below its post-IPO peak. This decline has attracted increased attention from short sellers, with short interest climbing to 13% of the company's publicly tradable shares, according to Ortex data. Ortex co-founder Peter Hillerberg noted the unusually rapid build-up of short interest for a company only a few weeks into its public trading life. Despite the bearish sentiment and market weakness affecting newly listed shares, SpaceX maintains a substantial market capitalization of $2.056 trillion. Analysts caution that short sellers face significant risks due to SpaceX's limited public float, which could potentially trigger a powerful short squeeze if the stock rallies. KeyBanc analysts have initiated coverage with a 'sector weight' rating.