SpaceX stock drops Tuesday as tech stocks plunge: What could happen next.

SpaceX Shares Start Falling To Earth After Eye-Popping IPO

SpaceX shares fell 20% from $200 peak to current $165, erasing IPO profits. $4.9B net loss (2025) reveals valuation rests on speculative satellite-AI future, not financial strength—caution for enterprise partnerships and infrastructure roadmaps.