The world's most valuable IPO, SPCX, is now Wall Street's most shorted new stock
Summary
SpaceX's SPCX IPO remains the most valuable and now the most shorted new stock on Wall Street. Short interest reached 28% of the float (181 million shares), with unrealized gains around $3.88 billion. Valuation remains extremely high at about 49x expected revenue, and insiders' lockup expiry could add selling pressure; catalysts include Starship test flight and upcoming earnings.