US stock market anomalies | Valuation frenzy is cooling down SpaceX (SPCX.US) fell more than 7%

According to the Financial Channel APP, on Wednesday, SpaceX (SPCX.US) continued to fall at the opening, with the intraday decline expanding to 7%, after rising 12% in the previous two trading days. On the news front, the Federal Aviation Administration (FAA) updated its list of prohibited investments, adding SpaceX to the list and prohibiting its employees, spouses, and minor children from buying or holding shares in the company. This ban stems from the FAA's role in approving rocket launch permits and regulating the commercial space industry. Market analysis points out that the previous fervor surrounding SpaceX's valuation is cooling down, and investors are becoming more cautious about the risks of overvaluing in the short term. In addition, today's market trading of tech stocks with AI as the main theme is cooling down, which also has some drag on SpaceX.