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International Business Times
International Business Times
Business

Elon Musk Said Short Sellers Of SpaceX Likely Won't Make It. They Are Increasing Anyway

Elon Musk SpaceX S3
32% of SpaceX's publicly tradeable stocks are in the hands of short sellers at the moment. (Credit: Getty Images)

Elon Musk said that investors short-selling SpaceX had an extremely slim chance of making it. Their numbers are increasing anyway.

According to CNBC, 32% of the company's publicly tradeable stocks are in the hands of short sellers at the moment. They represent about $25 billion in notional bearish bets, the outlet added, citing estimates from S3 partners. It marks a sizable increase from the 5% yo 7% a month ago.

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