In markets, the bigger they arrive, the harder they fall. SpaceX (NASDAQ:SPCX | SPCX Price Prediction) has already shed a staggering amount of paper wealth since its post-IPO peak, with Hedgeye estimating a market value decay of roughly $47 billion per day from the top, almost 22 times the fate of Rivian Auto (Nasdaq: RIVN). Yet the setup for August looks even uglier than the stock action we just lived through.
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