SpaceX’s share price dipped below its listing price on Monday, stripping over trillions from its market value. Traders sharpened liquidations as the decline gained pace. Short sellers raised bets against the company while commentators warned the stock is likely to end the cycle near current levels due to a massive lockup expiration. The drop followed reports pointing to lofty valuation assumptions and slower revenue growth expectations. The stock launch comes as the company faces pressure from investment outlooks and market conditions. Observers add fresh concerns about outlays and competition in the space segment. Some funds have reduced exposure in recent weeks. Swing trading has heightened as turnover fades around pivotal price points.