So guessing non investors in SpaceX are shorting for this event in expectation of a drop
Goldman Sachs, Morgan Stanley, BoA, ect are the ones who set the IPO lockup terms based on their risk and exposure post IPO.
Indexes, exchanges, underwriters, ect are all private institutions who mostly can and do set their own rules.
Something like 20% can be sold after the q2 results are released
However it's not going up and later this month the first lockup period ends and people who got stock options are allowed to sell some of their stocks. These people don't care if the price is $134 or $135, because they go in much much lower, down to $30, from what I can tell. So starting this month there's going to be new shares available to buy, and the sellers are less critical of the price your offering.
What a weird way for them to say "we don't know"! It's like saying this house has 0 to 100 bathrooms.
> "I think it could be half over the course of the year," Noble said, adding that he believes a fair value for the shares is around $30, implying a decline of roughly 78% from current levels.
Where it gets fun is that: (1) we have people selling $100 bills for more than $100 and, (2) we have people gladly buying $100 bills for more than $100.
Particularly once it gets past the lockup period. If I had to guess I say a lot of folks are thinking a lot of people will sell post lock up and they’re timing their shorts around that date.
Basically an IPO is a bad bet for a five year position. But SPCX is especially bad.
> So there's as many people betting the stock will go up.
The first sentence is a useful reminder, but second has a error: A single person can have multiple bets, and not all bets are the same volume.
For example, Alice has a budget of $10 and believes the coin-flip will land Heads. Alice makes a $5 wager with Bob and a $3 wager with Carol and a $2 wager with Dan. The equilibrium is in money, rather than opinion-havers.
That's why saying "most shorted stock" is saying something and "every seller has a buyer" is not.
No, there isn't, because the price breaks in the direction that there is more optimism or pessimism. When the pessimists run out of optimists at $135/share, they start digging for them at $134/share. The price ran out of optimists and had to move down to find more. Otherwise the price would lock at a single point.
And abundance of pessimists indicates that a lot of "downward digging" is taking place, it's very relevant.
You're hyper focusing on the tree here and missing the forest.
They are supposed to verify that before they place the trade and generally do follow the rules. Because if they don’t, they will be not allowed to allow any short sales for that security.
As index funds they were forced to buy. They are not taking any view.
https://www.bloomberg.com/opinion/newsletters/2026-07-16/sho...
Right now, SpaceX has provided 639 million shares to trade. People want more.
In a month, there will be 1,583 million shares to trade.
But right now, there are actually 820 million shares to trade: the 639 million provided by SpaceX, plus another 181 million provided by short sellers.This was just a bag drop on retail and trying to force it into retirement funds proves it.
SpaceX stock erases all its gains and slides below IPO price in intraday trading
https://news.ycombinator.com/item?id=48933344
SpaceX bond worth 10% less than issue price – heading for junk bond status
He has a malignant narcissist’s distorted grasp of time: any future he promises is always nearer than is plausible, but the past is never finalised.
Same thing happening with "datacenters will destory the world because of their water use" BS
The video, by contrast, shows a man deliberately engaging in fascist salute gestures:
https://www.youtube.com/watch?v=-VfYjPzj1Xw
Pretending otherwise, that is ridiculous.
He may be more ignorant than he portrays but he is a malignant narcissist — guys like him don't even think fascism is a bad idea.