SpaceX Sets Aug. 4 Earnings Test as $25 Billion Short Bet Reaches 32% of Float
Updated
Updated · The Motley Fool · Jul 21
SpaceX Sets Aug. 4 Earnings Test as $25 Billion Short Bet Reaches 32% of Float
3 articles · Updated · The Motley Fool · Jul 21
Summary
Aug. 4 will bring SpaceX’s first earnings report as a public company, the next key catalyst after short interest swelled to 206 million shares—about 32% of tradable float.
Elon Musk warned on X that long-term survival odds are low for investors holding large short positions, but the stock’s setup is mixed rather than a clear squeeze trap.
640 million shares are currently in the public float, and lock-up expirations after the report should expand supply, making shares easier to borrow and potentially easing pressure on shorts.
SpaceX closed at $123.46 after a 3% rebound, yet the stock remains about 45% below its post-IPO high as bears focus on its roughly $1.6 trillion valuation and losses despite 33% revenue growth.