SpaceX stock price fell for the first time since going public. Market insiders suggest buying at low prices.

SpaceX's stock price fell for the first time since its record-breaking initial public offering, ending a three-day surge of nearly 50%. Elon Musk's rocket and artificial intelligence company's stock dropped by about 5% on Wednesday, after volatile trading that saw it initially rise 6% before turning downward. This decline pushed SpaceX's market value back below that of Amazon, making it the sixth largest company in the world with a market value of around $2.5 trillion. However, the stock is still more than 42% above its IPO price of $135. "In short, I think this is just market noise for now. If there was a significant drop, that would be a different story," said Michael Monaghan, partner and portfolio manager at Dallas Founder Funds, which holds SpaceX stock. "If the stock price does continue to fall, we may consider increasing our position," he said.