Re Protocol

🚨 SpaceX ($SPCXB ) erased $250 billion in market value declining for a third straight day 😱 $SPCX fell another 10.5% today, continuing the sharp pullback that began after its explosive post IPO rally. Investors are starting to question whether the company's massive valuation can be justified in the near term, especially as expectations remain sky-high and more shares are expected to enter the market over time. Just days ago, SpaceX looked unstoppable. Now, Wall Street is being reminded that even the strongest stories can face brutal reality checks when valuations run too far, too fast. Short 👇 #SpaceXPremarketFalls4.6% #StarmerResignsAsUKPrimeMinister