SpaceX ($SPCXB ) crashed so badly today 💔

$SPCX closed down 16.4% today, wiping out more than $400 billion in market capitalization.
The selloff comes just days after the company launched its first offering of senior unsecured notes, seeking to raise at least $20 billion despite reporting roughly $100.8 billion in cash and cash equivalents.
The bigger picture is even more dramatic
$SPCX is now down 31.3% from its all-time high
More than $927 billion in market value has been erased in just 3 trading days
The stock remains 14.5% above its IPO price
Just a week ago, investors were chasing the stock higher on AI and space hype.
Now the market is asking a different question:
Was the valuation simply too far ahead of reality?
Short 👇
$SPCX ‌