SPCX loses over $1T from its peak

More than $1 trillion has reportedly been erased from $SPCX market cap since its peak.
That kind of drawdown shows how quickly hype-driven valuations can reset once momentum fades.
The retail crowd appears to have been caught on the wrong side of the move again.
The bigger signal is not just the loss itself, but how speculative assets can turn retail enthusiasm into exit liquidity near cycle extremes.