Woofun AI data shows that SpaceX (SPCX.O) shares have traded below their initial public offering price, sparking significant short-selling activity. Unrealized profits for short positions have climbed to nearly $3.88 billion, with approximately 181 million shares currently shorted, constituting roughly 28% of the available float. Since reaching a record closing high on June 16, the company's market valuation has contracted by approximately $860 billion, marking a one-third decline. Investors are closely monitoring price movements ahead of the upcoming first-quarter earnings report and the unlocking of additional restricted shares.