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👤 Elon is losing hundreds of billions daily
Today, SpaceX stocks "dropped" nearly 10% — $250 billion in market capitalization vanished in a few hours.
Additionally, the stocks have already fallen more than 30% relative to the record high of $225.64 reached last Tuesday.
The likely reason is that a stock unlock will occur soon, and early investors will flood the market with the first batch of shares to lock in profits.
$SPCX