It looks like a 7 degree stem which is pretty typical angle for stems. It doesn't have enough angle to slant down, given that the steerer tube is angled ~73 degrees. Still, flipping it over will still cause it to angle upward an additional 14 degrees from its present angle, which will will allow the OP to remove at least one of those spacers and maintain a similar bar height.

For what its worth, I usually leave one or two spacers above my stem, so I don't have to buy a new fork if I end up getting old or injured or something and need a higher rise. I don't care how it looks. If the look of a flipped up stem or additional spacers bothers you, go ride 40,000 miles and then reassess your priorities. By then, its likely you won't care how it looks either.