SpaceX Just Erased $600 Billion in Market Value in 3 Days. Here's What Long-Term Investors Should Know

SpaceX stock has plummeted from a peak of $225.64 to $154.60 in just three trading days, erasing approximately $600 billion in market value. The pullback follows an initial post-IPO surge and is attributed to reports of a $20 billion bond offering. The stock is trading near its IPO price of $150, and analysts caution that at its current sky-high valuation (P/S ratio of ~100), the company remains unprofitable and heavily dependent on achieving ambitious long-term goals like Mars colonization.