SpaceX down for six-straight days, has lost almost $1 trillion in market cap since peak

Summary

Fast Money traders discussed the hypothetical IPO of SpaceX, which has declined sharply from its peak. Steve Grasso remains long and adding, Tim Seymour sees no bargain but acknowledges value in Starship, and another trader prefers other parts of the story over SpaceX itself. The discussion treats SpaceX as a publicly traded stock, but no real tradable security exists.

• SpaceX debated as a fictional IPO down six straight days and off 45% from peak.
• Steve Grasso is still long, citing Starlink, Cursor, and massive satellite permits for future scale.
• Tim Seymour argues valuation is still expensive post X.AI merger, but Starship could unlock value.
• An unnamed trader agrees X.AI drove valuation and says other parts of the story are cheaper than SpaceX.
• No real publicly tradable SpaceX stock exists; the segment is a satirical or hypothetical exercise.