The market keeps gyrating up and down awaiting the decisive move. SpaceX is but an ATM for early investors this early on (Just look at its valuations and extra rich forward estimates). Don’t forget only 4% are afloat now. As more investors completed their post IPOs ‘no selling periods’, they are free to sell. Of course they want more people to buy up into FOMO so they can cash out into these exit liquidities and if they believe the story, reenter at a lower price.