SpaceX’s share price dipped below its initial offering price on Monday, erasing over a trillion from its market value. Traders deepened reductions as the decline accelerated pace. Short sellers raised bets against the company while analysts warned the stock might end the cycle near current levels due to a heavy lockup expiration. The drop followed reports underscoring high valuation assumptions and slower revenue growth expectations. The market entry comes as the company faces pressure from investment outlooks and market conditions. Analysts point out new concerns about costs and pressure in the satellite market. Funds have trimmed exposure lately. Turbulence has picked up as trade volume thins around critical levels.