SpaceX shares have plunged significantly, falling 20% below their IPO price and erasing approximately $1.2 trillion in market capitalization, equating to the entire value of Tesla. Despite a brief rebound, the company has seen its stock decline for multiple days amid industry sell-offs and concerns surrounding its AI valuation. Recent predictions suggest the stock could be trading at a substantial discount, with analysts speculating on its potential recovery. Meanwhile, short sellers are capitalizing on the downturn, leading to a surge in bearish positions against the stock. As investors grapple with the volatility, some financial experts are cautiously suggesting prices at which SpaceX might be considered a buy. The situation remains fluid as the market awaits further developments.