SPCE Has 22.7 Million Reasons to Move Higher

u/I_CAN_HAZ_DOUGHNUT · Reddit — r/smallstreetbets · June 02, 2026 at 08:50 · ⬆ 25 pts · 💬 4 comments  | View on Reddit ↗
AI Summary

Original Reddit post

The author argues that SPCE is positioned for further gains due to high short interest and positive sector momentum.

SPCE — LONG The author believes SPCE will move higher due to a combination of returning flight operations, broader space sector momentum, and a high short interest of 22.7 million shares. The thesis relies on the expectation that short sellers will eventually be forced to cover their positions as the stock price rises. The main risk is that short sellers may not cover their positions in the near term.

Roughly 22.7 million shares sold short.

Score 25
Comments 4
Upvote % 90%
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Ideas
u/I_CAN_HAZ_DOUGHNUT Reddit r/smallstreetbets
High short interest and sector momentum favor a long position.
The author believes SPCE will move higher due to a combination of returning flight operations, broader space sector momentum, and a high short interest of 22.7 million shares. The thesis relies on the expectation that short sellers will eventually be forced to cover their positions as the stock price rises. The main risk is that short sellers may not cover their positions in the near term.
SPCE HIGH
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This Reddit post, published June 02, 2026, features u/I_CAN_HAZ_DOUGHNUT discussing SPCE. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: u/I_CAN_HAZ_DOUGHNUT  · Tickers: SPCE