In this context, short sellers have been piling up bets against the company. More than 10% of the company's shares that are available for trading are being sold short, data from S3 Partners and reported by CNBC shows. The company's stock has kept falling below its IPO price, standing below $115 on Wednesday, almost 50% below its peak. In a post on X earlier this month, he warned investors against maintaining large short positions in the company. "The survival probability of firms who maintain a significant short position in SpaceX over time is very low," Musk wrote.