SpaceX is currently privately valued at approximately $350 billion (as of early 2026). This market resolves YES if SpaceX's valuation (based on a secondary market transaction, funding round, or IPO pricing) drops to $175 billion or below at any point before December 31, 2026.

Factors that could contribute to a -50% drop:

- Major Starship mission failures

- Loss of key government contracts (NASA, DoD)

- Elon Musk regulatory or political issues affecting business

- Broader tech/private market valuation crash

- Competition catching up (Blue Origin, Rocket Lab)

- Starlink subscriber growth stalling

Resolves NO if no such drop is confirmed by end of 2026.