Short sellers have made a fortune betting against Elon Musk’s SpaceX — but the party won’t last forever

Short sellers have a history of betting against Elon Musk and epically failing, but their latest gamble is paying off and could continue to do so – at least for a while. On The Money has learned. That would be their increasingly profitable bet against SpaceX, Musk’s futuristic mind-meld that combines space exploration with satellite internet service, plus a heavy dose to AI and social media. Yes it’s a mouthful, and the IPO just a few weeks ago was a hot one – Musk raised $85 billion and the debut price of $135 a share quickly shot to above $175 in the first day of trading. It’s been downhill ever since. While buy-and-hold investors are taking a beating, SpaceX has become a bonanza for short sellers – investors who make money when stocks fall. As of publication, around 35% of SpaceX’s publ