SpaceX Is the Most Shorted Private Company on Earth. The Shorts Aren’t Crazy.
Short interest in SpaceX has hit 32% of float — an extraordinary number for any company, let alone a private one. But the real story isn’t Elon Musk vs. short sellers. It’s a closed loop of financial engineering: index funds forced to buy SpaceX are lending those same shares to shorts, while insiders quietly front-run their own company’s valuation. The people with the most information are selling. The people with the least are buying. That’s not a market — that’s a trap.