Reddit's r/wallstreetbets is buzzing with a short-SpaceX thesis, with traders arguing the hype is overblown.
The conversation is spilling over into SPCE as traders question the space tourism company's valuation.
SPCE's sentiment is neutral at 0.53, but the ticker is seeing a surge in mentions and comments.
Why SPCE?
SPCE is not the direct target of the short thesis, but it is the most accessible space tourism stock on the market. As traders on r/wallstreetbets short SpaceX, they are also questioning the valuation of 
The Short-SpaceX Thesis
A series of posts on r/wallstreetbets is shorting SpaceX, with traders arguing that the hype around the private space company is overblown. The thesis is that Blue Origin, a competitor to SpaceX, is secretly pumping the company's valuation to allow its own investors to profit. The posts are gaining traction, with one post receiving 1,015 upvotes and 267 comments.
The short thesis is that SpaceX is a 'hype-company' with an artificially low float and a huge amount of shares held by insiders. The author argues that retail traders should short the stock to make the ultra-wealthy capitulate. The post is a follow-up to a previous post, and the author has bought 10 $155 puts expiring 8/21 for a total value of $13,000.
The Spillover
The conversation is spilling over into
The short thesis is not directly about
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