SpaceX Is Wall Street’s Frothiest Trade: Sloan

Bob Sloan, founder and managing partner of S3 Partners, stated that short-sellers have placed significant bets against SpaceX and characterized the trade as among the most speculative in market history. According to Sloan, short-sellers are ahead by billions of dollars as of the time of his statement. Sloan identified potential triggers for a short squeeze and commented on whether speculative activity in the broader market is declining.

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