My SSPC (2x short SpaceX) just got borrowed at 27%

RamblyGibberish · 2026-06-23T19:03:21+00:00

=== SUMMARY === - The post questions why someone would borrow shares of SSPC (a 2x short SpaceX ETF) at a 27% borrow rate to short it, effectively gaining leveraged long exposure to SpaceX. - Author is bewildered by the irrationality of paying such high costs instead of using simpler long instruments. - Quality assessment: Noise – no data or analysis, just confusion about market oddities. === SENTIMENT === MIXED === TRADE IDEAS === No actionable trade ideas in this post. The post expresses confusion about a specific trade in a non-tradeable underlying (SpaceX is private), and no concrete ticker or directional view is provided.

u/RamblyGibberish · Reddit — r/wallstreetbets · June 23, 2026 at 19:03 · ⬆ 86 pts · 💬 29 comments | View on Reddit ↗

AI Summary

Summary

The post questions why someone would borrow shares of SSPC (a 2x short SpaceX ETF) at a 27% borrow rate to short it, effectively gaining leveraged long exposure to SpaceX.
Author is bewildered by the irrationality of paying such high costs instead of using simpler long instruments.
Quality assessment: Noise – no data or analysis, just confusion about market oddities.

Score 86

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