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SpaceX (SPCX) has rallied by 49% since the record IPO last week, but, as is typical, its stock ended its three-day winning streak at $135, just below a new all-time high it had established on Wednesday. Elon Musk's firm saw its stock prices drop, justly dipping into the massive advances it had recently enjoyed, losing around 5% to approximately $192 following a tumultuous session.

The move is timed with the rest of the market as a result of profit-taking following a wild rally. Even with the plunge, SpaceX is still miles ahead of its IPO price with a market cap that is still in the trillions. The low public float does factor into the stock's volatility, other analysts note.

There are continued investments in SpaceX's future in rockets, Starlink, and AI integration. Despite any short-term traders' jubilation at the first red day, the benefits of the company remain intact with ambitious hair-up targets.Not all things good have ended despite the flurry of short-term trading activity as people react to the first red day, as the company's upside still appears intact with hair-up targets in mind. The move could be a respite ahead of Wall Street's most closely watched stock.