SpaceX Stock Falls 20% Below IPO Price
SpaceX shares declined 20% below their IPO price, erasing over $1.2 trillion in peak value. The decline reflects a broader tech stock selloff.
SpaceX shares declined 20% below their IPO price, erasing over $1.2 trillion in peak value. The decline reflects a broader tech stock selloff.
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SpaceX shares erased one-fifth of their value since the record setting debut of Elon Musk’s rocket, satellite and artificial intelligence company, as investors shunned riskier technology firms.
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SpaceX shares have fallen 20% below their IPO price, with more than $1.2 trillion in value erased since last month's peak. Bloomberg's Bailey Lipschultz joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Bloomberg’s Ed Ludlow breaks down the selloff in chip stocks dragging the Nasdaq 100 near correction territory, after signs of progress in China's chipmaking add to worries about the sustainability of the AI spending boom. Plus, SpaceX shares erase a fifth of their value since the record-setting debut of Musk's company, as investors start to avoid riskier tech firms. And, Apple briefly becomes jus