Science · 24 July 2026
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.
Reported by Reuters · How we write briefs