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About 185 million SpaceX shares are now sold short, a stake representing roughly 29% of the company's publicly tradable float, per S3 data.
The position reflects an active bet against SpaceX as shares have fallen below their IPO price, putting the secondary-market setup in focus.
The size of the short The 29% short float reading from S3 is the print that defines the current setup. When nearly three in ten tradable shares are borrowed and sold, that overhang can weigh on any recovery attempt.
Sellers have been correct on direction so far: the stock trades below where it priced at IPO. What the setup implies A 29% float concentration gives buyers less room to push the tape higher.
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