SpaceX share price drop: Shares of other U.S. space companies were also down. Rocket Lab and Planet Labs dropped around 3 per cent, while AST SpaceMobile and Intuitive Machines declined around 7 per cent and 3 per cent, respectively.

“There is only one stock retail [investors] care about right now,” one research team wrote in a note to clients.

SpaceX shares surged early on Tuesday as investors bet on Elon Musk's sprawling empire that spans rockets to AI, even though the stock carries a higher valuation than the other…