Why Wall Street is betting billions that Elon Musk’s SpaceX shares will keep tumbling

This version of Wall Street Betting Billions Elon Musks Spacex Shares Will Keep Tumbli Rcna589534 - Business and Economy | NBC News Clone was adapted by NBC News Clone to help readers digest key facts more efficiently.

SpaceX’s stock has lost half its value in the past month and made the rocket maker the most shorted large public company in America.

A billboard of SpaceX is pictured on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City.

SpaceX is facing significant questions about its long-term profitability. But experts say that isn’t the main reason for its massive short position in the company's stock. Jeenah Moon / Reuters file

July 31, 2026, 9:02 AM EDT

By Rob Wile

Investors have placed massive bets that SpaceX stock will keep falling amid a multiweek decline following a blockbuster debut.

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