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SpaceX drops more than 3% following $400 billion selloff

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.

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What changed

The stock continued to decline after a 16% drop on Monday, with reports of a $400 billion selloff.

Live updates

  1. 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%