Investors increase bearish bets on SpaceX ahead of Q2 earnings and the release of 91.5M shares post-lockup.
Short interest in SpaceX (SPCX) is climbing as traders brace for two key events next week: the company’s Q2 earnings report on August 4 and the expiration of its first post-IPO lockup. The lockup expiry will unlock approximately 91.5M shares, potentially increasing supply in the market.
Prior to this, SpaceX had seen relatively low short interest, but recent data indicates a shift in sentiment. The earnings report will provide insight into the company’s financial performance amid broader market volatility.
No immediate market reaction was specified, but the combination of earnings and increased share availability could influence trading dynamics.