SpaceX stock crashes 40% to $81, well below its $135 IPO price, after briefly hitting $225. The company's 18,712 BTC treasury adds a crypto dimension to the

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

The company’s market value has shed more than $1.2 trillion from its peak.

The stock stands 40% below a peak attained after its IPO last month.

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 shares have fallen below their $135 IPO price to around $124 as lockup expirations loom, with implications for capital flows into crypto and risk

Shares slipped below their $135 listing price less than a month after SpaceX’s blockbuster IPO

SpaceX stock crashes 40% to $81, well below its $135 IPO price, after briefly hitting $225. The company's 18,712 BTC treasury adds a crypto dimension to the