StepStone fund, marketed in Israel to qualified investors by Leader Private Capital, gained exposure to Elon Musk’s SpaceX before its IPO, turning an estimated $3 million Israeli-linked stake into $18 million on paper

Just 10 days after the company’s blockbuster IPO, buyers of its initial public shares are in the red.

Mohamed El-Erian called SpaceX's post-IPO plunge "wild" after the company lost over $400 billion in value.