SpaceX drops more than 3% following $400 billion selloff

Live updates

1. 1h ago

   SpaceX Market Value Drops After Record-Breaking IPO

   SpaceX shares fell more than 3% in Tuesday premarket trading after a $400 billion selloff on Monday. The stock dropped 16% in a single day as a post-debut rally ended. Market capitalization previously peaked at $3 trillion before falling below Amazon and Microsoft.

   What's confirmed:

   • SpaceX went public on June 12.
   • The company experienced a $400 billion selloff on Monday.
   • SpaceX shares fell more than 3% in premarket trading on Tuesday.
   • The stock dropped 16% on Monday.

   Still unconfirmed:

   • The stock price is down more than 30% from its all-time high of $225.64.
   • Shares fell 23% over three trading sessions due to Fed rate hike concerns.
   • The stock is down roughly 24% from its high.
   confidence 80%
2. 4d ago

   SpaceX Value Plummets After Record IPO

   SpaceX shares have experienced a sharp correction following a record-breaking IPO. The company's market value fell from $2 trillion at the end of last week as it faces a multi-day selloff. This decline coincides with the company's first entry into the bond market.

   What's confirmed:

   • SpaceX shares dropped 16% on Monday.
   • The company's market cap was $2 trillion at the end of last week.
   • SpaceX shares fell more than 3% following a $400 billion selloff.

   Still unconfirmed:

   • SpaceX shed $600 billion in three days.
   • The stock tumbled 10%.
   • Shares dropped 23% from their high.
   • The selloff wiped $300 billion off Elon Musk's fortune.
   • An ESG downgrade contributed to the pressure on the company.
   • The stock dipped below its $150 debut price.
   confidence 70%