The selloff is an ominous sign as more shares are likely to flood the market.

The stock has fallen over 10% since its listing on the Nasdaq on June 8.

SpaceX stock fell below its IPO price after a sharp rally. Here's why the shares dropped, what analysts say, and what it means for investors.

SpaceX shares slipped below their IPO price for the first time, signalling fading investor enthusiasm after a strong debut. The decline highlights valuation concerns, broader…