SpaceX closes at record low

BREAKING: $SPCX has fallen to its lowest closing price in history.
The stock has now reportedly lost nearly $1.2T in value from its all-time high.
That is a massive reset for one of the market’s biggest growth stories.
SpaceX still has strong long-term themes around launch, satellites, defense, and space infrastructure.
But price action is now forcing investors to separate the business story from the valuation story.
For $SPCX, the next question is whether this becomes capitulation or a deeper repricing of future growth.