SpaceX’s share price fell below its float price on Monday, erasing over a trillion from its market value. Traders ramped up sell-offs as the decline gained pace. Short sellers raised bets against the company while specialists warned the stock could end 2026 near current levels due to a large lockup expiration. The drop followed reports flagging high valuation assumptions and weaker revenue growth expectations. The Nasdaq debut comes as the company faces pressure from investment outlooks and market conditions. Market watchers say latest concerns about cash burn and pressure in the broadband segment. Money managers have reduced exposure lately. Turbulence has grown as activity fades around critical price points.