SpaceX shares fell another 5.5%, a cumulative drop of 47% from the June 16 peak, and the market capitalization evaporated by more than 1.2 trillion US dollars. The current round of stock price declines was mainly dragged down by three factors: market concerns about the valuation of the artificial intelligence sector, unclear geopolitical situations, and large-scale short sell-offs. Investors are also paying close attention to the lifting of the ban on large restricted shares on August 6. The lifting of the ban will greatly increase the number of shares in circulation in the market.

SpaceX shares fell another 5.5%, a cumulative drop of 47% from the June 16 peak, and the market capitalization evaporated by more than 1.2 trillion US dollars. The current round of stock price declines was mainly dragged down by three factors: market concerns about the valuation of the artificial intelligence sector, unclear geopolitical situations, and large-scale short sell-offs. Investors are also paying close attention to the lifting of the ban on large restricted shares on August 6. The lifting of the ban will greatly increase the number of shares in circulation in the market.