Search results for S3 Partners
Industry
Tesla short sellers made $9 billion, but current profit or loss is unclear
Short sellers in Tesla booked about $9.008 billion in mark-to-market gains after the stock’s sharp fall, an analysis showed. The figure was calculated immediately after the July 23 drop and does not represent the group’s real-time profit or loss as of August. Tesla later fell further before rebounding. The company’s second-quarter results, weak operating profit, negative free cash flow and heavy spending on long-term projects weighed on the shares.
Industry
SpaceX shares jump again above IPO price as short interest slides
SpaceX shares rose 11 percent on Aug. 11 to close around $148, about 10 percent above its $135 IPO price. Cryptopolitan said the stock has rebounded about 41 percent from its Aug. 3 low and is up nearly 28 percent over the past week. S3 Partners estimates short interest fell to about 11 percent from 34 percent last week. Norges Bank Investment Management disclosed a roughly 0.05 percent stake worth just over $1.2 billion.
Industry
SpaceX puts IPO funds into AI infrastructure and safe assets, not bitcoin
SpaceX has allocated funds raised after its IPO to AI infrastructure and short-term safe assets rather than increasing its bitcoin holdings, a report said. The company boosted money market funds and government securities while keeping bitcoin holdings at 18,712 BTC. It spent $15.83 billion on AI infrastructure in the second quarter. Concerns persist over rising AI spending and potential share sales by insiders, alongside elevated short interest and derivatives activity.
