SpaceX isn’t even public yet, and the market’s already selling off. The SpaceX contract on Hyperliquid has dropped 25% since launch. No IPO. No Nasdaq. No stocks. Just a bunch of traders betting: How much is SpaceX really worth? Wall Street has always kept retail investors out. So the crypto market created its own SpaceX market. And the first answer from the market is: Maybe this valuation has gotten way ahead of itself.