Elon Musk lost about $150 billion in a day as SpaceX fell 16%, while Cathie Wood's Ark Invest bought $32.5 million of the dip.

A selloff for Musk’s rocket maker wiped out roughly $900 billion in market value.

A rally following the company's record breaking IPO on June 12 has cooled, with stock dropping the past two full days of trading.

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SpaceX shares have seen a significant drop, losing hundreds of billions in value over three days. This decline follows the company's announcement of its first investment-grade…