SpaceX on Thin Ice: Shorts and Earnings Loom Large SpaceX's first quarterly earnings report as a public company is set to be released soon, but the company faces significant challenges beyond its financials.
The impending share lockup expiration is a major concern for investors, with SPCX shares trading at around $109 – down nearly 50% from their year to date high and about 19% from the IPO price of $135.
The market's bearish sentiment towards SpaceX is reflected in the staggering amount of short interest. At 219. 3 million shares, this represents a significant portion of the tradable float – a whopping 34%.