Multiple Australian outlets report that SpaceX’s share price is trading below its float price about a month after what they describe as the biggest IPO in human history. The coverage notes that the stock’s post-IPO performance has drawn attention from investors and commentators, with some questioning whether the company’s valuation is behaving like a speculative “meme stock.” Alongside the market move, the articles also say Elon Musk has lost trillionaire status, citing a decline in his personal wealth. The pieces frame the developments as a sign that market enthusiasm may be cooling after the IPO, though they do not present a single agreed explanation for the price drop. Instead, they focus on the observable facts: the company’s trading level relative to the IPO float and changes in Musk’s reported net worth. Overall, the articles connect the two developments—SpaceX’s share-price weakness and Musk’s wealth reduction—while emphasizing the debate around whether investor sentiment is shifting away from initial IPO excitement.