SpaceX's market cap has lost about $1 trillion in value since its June 16 peak and hit a new low since its record-breaking IPO.

SpaceX stock has fallen for three consecutive days, sliding back near its $135 IPO price after erasing over $600 billion in market value since its

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.