SPCX rocketed to #8 in Reddit ticker ranking with a +26 rank delta, driven by nearly 500 comments and 2,300 upvotes.
Cathie Wood's $32.5 million purchase of SpaceX shares during the post-IPO dip sparked intense debate on r/wallstreetbets, with many criticizing the timing ahead of the lockup expiration.
A baffling 27% borrow rate on a 2x short SPCX ETF highlighted extreme retail positioning and fueled speculation of a potential short squeeze.
Cathie Wood Buys the Dip, Draws Skepticism
The most visible catalyst was news that Cathie Wood had invested $32.5 million into SpaceX as the stock fell from its debut highs. A post on r/wallstreetbets questioning the wisdom of the trade — arguing she should have waited until the lockup period expired — drew 72 upvotes and 39 comments. Many retail traders echoed the sentiment, viewing the purchase as premature given the potential for further dilution or insider selling.
The 27% Borrow Rate Mystery
Another highly engaging thread examined a trader who borrowed shares of a 2x short SPCX ETF at a staggering 27% annualized rate. The post author expressed bewilderment that anyone would take such an expensive short position instead of going long via more liquid alternatives. The discussion — which gained 78 upvotes and 24 comments — underscored the extreme conviction (or desperation) among bearish traders and added to the broader narrative of
Profit-Taking Rotates Into Other Names
Not all Reddit attention was bullish. On r/smallstreetbets, one user declared they were selling their
Overall Sentiment: Positive but Fractured
Despite the mixed opinions, aggregate sentiment across r/wallstreetbets remained strongly positive at 0.62, with 56 posts, nearly 5,000 upvotes, and over 3,700 comments. The stock's overall Reddit sentiment score of 0.43 reflects more balanced views once r/smallstreetbets and other communities are included. For now,
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