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SpaceX Hits Seven-Day Losing Streak, Breaks $120 — Catch the Knife or Stay Away?

SpaceX (SPCX) fell another 3.34% to $120, a seventh straight daily decline to a new low, now firmly below its IPO price. Headwinds are converging: Trump-related remarks dragged markets lower, Musk-linked assets sold off in unison, and Musk's "AI makes human work obsolete, UBI becomes the norm" comments added noise. Earlier merger hype and long-term vision haven't offset fading new-issue sentiment and geopolitical disruption. A marquee IPO down seven straight below its offer price — golden mispricing, or a bubble not yet fully deflated?

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