Elon Musk stated that firms holding large short positions in SpaceX are unlikely to last in the long run. This comment followed reports that short sellers have accumulated roughly $8.7 billion (approximately ₹84,000 crore) in unrealized profits due to a drop in the company's share price. SpaceX stock dipped 5.4% this past Friday, resulting in a loss of over $1 trillion in market capitalization from its highest point.

by shortkt.com✓

16 hours ago