4 Reasons Short Sellers Should Think Twice Before Betting Against SpaceX
Key takeaways
- Leo Sun, The Motley Fool Tue, June 23, 2026 at 11:11 PM GMT+7 4 min read SPCX NVDA Space X (NASDAQ: SPCX) has taken investors on a wild ride since its public debut on June 12.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- SpaceX s market cap has since dropped to $2.07 trillion, but it still trades at 111 times last year s sales.
Leo Sun, The Motley Fool Tue, June 23, 2026 at 11:11 PM GMT+7 4 min read SPCX NVDA Space X (NASDAQ: SPCX) has taken investors on a wild ride since its public debut on June 12. The aerospace and AI company went public at $135 per share, and its stock started trading at $150 before soaring to a record high of $225.64 on June 16. But today, it trades at about $155.The market hype initially propelled Space X s stock to a record high, but it fizzled out as its early buyers flipped the stock for quick profits and its valuation hit meme-stock levels. At its peak, SpaceX s market cap reached $2.66 trillion, or 142 times its 2025 revenue of $18.7 billion.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
SpaceX s market cap has since dropped to $2.07 trillion, but it still trades at 111 times last year s sales. That high price-to-sales ratio might make it seem like an easy target for a short sale, but shorting this volatile stock right now could backfire for four simple reasons.