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The largest IPO ever, with only a ~4.9% float — work out whether the supply wall makes it shortable, and if so, how.

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The largest IPO ever, with only a ~4.9% float — work out whether the supply wall makes it shortable, and if so, how.
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The answer

Verdict. Not a short here: P(short net-profitable) = 0.15 despite a bearish price. Short the supply wall, not the IPO pop.

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SpaceX (SPCX) — Axion Short-Thesis Dossier

Verdict. Not a short here: P(short net-profitable) = 0.15 despite a bearish price. Short the supply wall, not the IPO pop.

Full published report: https://spcx-dossier.us-east-1.gists.org

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  • Revision 1 · Jun 14, 2026

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Jun 15, 2026 · Date supplied with this question.