S3 Partners
Coverage of S3 Partners in the Nexus archive.
- Elon Musk’s fortune slumps to pre-SpaceX IPO levels after rout
Elon Musk's fortune has dropped to pre-SpaceX IPO levels, with his wealth declining by over $600 billion in a month. The decline is linked to a 46% fall in SpaceX's stock price and a 17% drop in Tesla shares following recent financial reports.
- Bets against AI companies spike
Investors have increased bets against AI companies and consumer-focused stocks amid concerns over AI-related risks and potential inflation from the Iran war. Short positions against S&P 500 companies reached $1.4 trillion, with significant shorting of SpaceX and CoreWeave shares.
- SpaceX seeing some interest from short sellers, but many still afraid to bet against Musk
Approximately 40 million SpaceX shares are sold short, representing 5% to 7% of publicly available shares, as estimated by S3 Partners. The article notes some interest from short sellers but many remain hesitant to bet against Elon Musk.