Short Sellers Cautious as SpaceX Prepares for Market Debut
Investors are weighing the risks of betting against Elon Musk's SpaceX as it prepares for a $1.75 trillion market debut. Analysts suggest that high retail interest and the historical difficulty of shorting Musk-led companies may deter aggressive short positions despite concerns over valuation.
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SpaceX prepares for a $75 billion IPO at a $1.75 trillion valuation, marking the largest market debut in history. The offering carries a price-to-revenue multiple of 56 and a public float of less than 5%. High retail interest and limited share supply create a challenging environment for investors betting on a price decline.
