Investors are increasingly betting on a decline in SpaceX's stock price, as reported by the Financial Times. The stock has fallen below its offering price for the first time, just weeks after its listing. Initially, SpaceX's valuation was buoyed by high expectations for growth in areas like Starlink satellite internet and space commercialization. Despite early market enthusiasm driven by its rocket business and AI potential, the recent price drop has prompted some traders to adopt bearish strategies, including short selling. SpaceX has yet to comment on the current market dynamics.