Short sellers notch $8.7B profit as SpaceX shares dip to IPO price

Someone who bought and expected to make a profit, but reached a point where they hit their stop loss or just wanted to get out the trade at any cost and couldn’t bear to wait longer. Quite possible a redditor who frequents r/wallstreetbets and YOLOed in.

The person you sold it to after borrowing it, who paid for it at the elevated price.