Market Brief
SpaceX Slides 12% as Post-IPO Rally Loses Momentum
SpaceX shares fell about 12% as investors took profits following the stock’s powerful post-IPO surge.
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SpaceX shares fell about 12% as investors took profits following the stock’s powerful post-IPO surge.
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SpaceX surpassed Microsoft in market value and agreed to acquire AI coding startup Anysphere in a $60 billion stock deal.
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Elon Musk added $165 billion to his fortune in one day — more than Bill Gates’ entire estimated net worth.
SpaceX reached a $2.8 trillion valuation, surpassing Amazon and becoming one of the world's most valuable companies.
Palantir shares have dropped 34% since Michael Burry’s bearish position became public.
SpaceX added $412 billion in market value in a single day, lifting its capitalization to $2.5 trillion.
SpaceX shares gained 6% as investors reacted to projections of nearly $1 trillion in annual revenue by 2030.