> SpaceX demonstrated that the public markets have a limited tolerance for a multi-trillion dollar company that doesn’t make any money

What? How? SpaceX loses oodles of money. It's trading above its IPO, and just filled an oversubscribed bond deal.

> Put these two together and I think the conclusion is pretty obvious

Zitron has a faithful following. He isn't a broadly-influential analyst.

You said: “ There is zero evidence of any causal link between him and this. The obvious one, instead, is SpaceX's volatility.”

What exactly do you think “volatility” means in this context?