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SpaceX shares slide, short sellers make $15.5 billion profit

24 July 2026 · in 80 words

SpaceX shares slide, short sellers make $15.5 billion profit

Short sellers targeting SpaceX shares have made an estimated $15.5 billion in profit since the company's initial public offering in mid-June. Space industry experts warn that proposed space datacenters by SpaceX and others could be "catastrophic" for the planet. They advocate for a halt to new licenses for these projects, citing pollution concerns from satellites and rockets.

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