Elon Musk responds to tweet from Zerohedge regarding massive SpaceX (SPCX) shorting ahead of earnings; Musk says "I try to warn them, but they just double down"

Elon Musk responds to tweet from Zerohedge regarding massive SpaceX (SPCX) shorting ahead of earnings; Musk says "I try to warn them, but they just double down"

The headline contains a factual inconsistency worth flagging at the outset: SpaceX has no listed equity and no public earnings calendar, so shorting it directly is not possible; any short exposure referenced here runs through publicly traded proxies that carry SpaceX as a holding, vehicles of the closed-end or interval-fund type that have at times traded at wide premiums to net asset value. Episodes of this kind, where a private-company proxy becomes a retail battleground, have tended to resolve through the premium itself: shorts lean against the markup over NAV, longs respond to founder commentary, and the spread between price and underlying value becomes the trade rather than anything fundamental about the company. Musk's framing is consistent with a long track record of engaging publicly with short sellers, a pattern seen repeatedly in his listed company, where such exchanges have historically coincided with elevated retail positioning and squeeze dynamics in heavily shorted names. The mechanism here is therefore positioning and premium compression or expansion, not earnings transmission, since there are no earnings to report. What is worth watching is the premium of the referenced vehicle to its stated NAV and any disclosure on how concentrated the SpaceX holding actually is within it. As a signal, the tweet is sentiment rather than fundamentals.