SpaceX IPO volatility draws short-seller bets as analysts debate reusable Starship and long-term growth
SpaceX’s record-setting IPO peaked early and has since shed about 15% from the $135 debut level, prompting short sellers to wager on a post-debut decline—nearly a third of tradable shares are now sold short. Wedbush’s Dan Ives initiated coverage with an Outperform rating and a $190 target, while the IPO filing points to asteroid mining as a potential long-term market.