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00:02Elon Musk warned that investors shorting SpaceX face little chance of survival
00:06as bearish wagers climb to about 32% of the company's publicly tradable shares,
00:11according to CNBC.
00:13Musk added that the rocket company will be
00:15worth more than Earth if we achieve our goals.
00:18S3
00:19Partners estimated that 206 million shares are sold short,
00:23representing about $25 billion in bets against the company.
00:28Short interest has risen from 185 million shares last week
00:32and about 40 million shares a month ago.
00:35Investors are weighing SpaceX's long-term prospects against its valuation
00:39and the potential release of more shares after lock-up restrictions expire.
00:44Bulls cite its launch services, Starlink expansion, and artificial intelligence ambitions,
00:50while skeptics question how much future growth is already priced into the stock.
00:53SpaceX will report its first quarterly results as a public company
00:57after markets close August 4th.
01:00SpaceX's stock rose about 3% Tuesday to around $124,
01:05snapping a seven-session losing streak,
01:07but remaining below its $135 IPO price.
01:10For all things money, visit Benzinga.com.
01:13Go and use for the Q&A to continue to monitor your past Distance of Honor shows they have
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