New Delhi, June 24 -- After wiping out more than $600 billion in value in three days, SpaceX's sharp correction has sparked debate among investors: Is this a rare buying opportunity or a warning sign?

The company, after a record $75 billion IPO on June 12, briefly surpassing Amazon and Microsoft in market capitalization. However, after the initial rally in the stock, investor sentiment has started to weaken.

SpaceX witnessed over $600 billion erased from its valuation after three consecutive days of losses,. Monday accounted for the biggest blow, with the stock tumbling 16% and shedding roughly $400 billion in market value-the second-largest one-day wipeout on record. The early slide also took the market cap below $2 trillion.

The stoc...