📈 Stocks & Economy🌐 Global
SpaceX Stock Sinks Below IPO Price as Short Sellers Pile In
CNBC·Saturday, 18 July 2026
SpaceX shares dropped about 4% in premarket trading on Friday after a postponed launch, closing below the IPO price for the second straight day. About 185 million SpaceX shares are now sold short, representing roughly 29% of the company's publicly tradable float, according to S3. The failed mission added fuel to an already bruised stock.
Why It Matters
SpaceX is one of the most-watched new listings globally, and its stumble is a reminder that even the most hyped IPOs can disappoint fast — a lesson relevant to investors eyeing big Indian IPOs too.
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