The SpaceX Short Squeeze: Timing Trumps Value? The recent plunge in SpaceX's valuation has brought forth a chorus of bears touting their prescient warnings about the company's overvaluation.
While many investors who bought into the IPO at $135 are now looking to sell, and short sellers have pocketed an estimated $15.
5 billion in paper profits, the timing of this correction raises important questions about market behavior. The bears' case against SpaceX is not without merit. With a valuation of around $1.