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SpaceX Token Crashes Without Reaching Orbit

Here we observe the tragic demise of SpaceX, a token that launched with all the grace of a Falcon 9 with a faulty engine. In merely 333 hours, it plummeted 35% as its eighteen holders—mostly whales—realized they were passengers on a spacecraft with no fuel, no destination, and crucially, no liquidity. The authorities may be revoked, but the token's authority to inspire confidence departed long ago.