SpaceX’s share price slid below its IPO price on Monday, erasing over a massive from its market value. Traders ramped up selling as the decline built pace. Short sellers boosted bets against the company while specialists warned the stock might end next year near current levels due to a heavy lockup expiration. The drop followed reports flagging high valuation assumptions and weaker revenue growth expectations. The public listing comes as the company faces pressure from investment outlooks and market conditions. Observers add new concerns about outlays and challengers in the space market. Funds have scaled back exposure recently. Price swings has risen as trade volume thins around key price points.