TradingKey – SpaceX valuation plunges, tumbling 9% in a single day to approach August lows, with markets watching the $100 psychological support level.

On November 5, Eastern Time, SpaceX (SPCX) shares suffered an explosive single-day plunge of 9.05%, relentlessly breaking below the $130 threshold intraday to hit a low of $120.39, as single-day trading volume surged to 167 million shares. This price has directly approached the interim low of August 2026, bringing the monthly pullback to over 20%.

Since early October, SpaceX shares have drifted steadily downward from their high of $175. This month-long decline was not triggered by an isolated event, but rather by the confluence of multiple factors: a dramatic shift in the political…