SpaceX’s share price tumbled below its IPO price on Monday, removing over a trillion from its market value. Traders deepened liquidations as the decline built pace. Short sellers boosted bets against the company while specialists warned the stock is likely to end the cycle near current levels due to a major lockup expiration. The drop followed reports pointing to lofty valuation assumptions and weaker revenue growth expectations. The public listing comes as the company faces pressure from investment outlooks and market conditions. Observers add recent concerns about costs and players in the satellite field. Portfolio managers have trimmed exposure in recent weeks. Turbulence has picked up as liquidity thins around key price points.