Nasdaq to Launch Overnight Trading Session in December
Nasdaq will introduce an overnight trading session on December 6 and is seeking approval to eventually offer trading for up to 23 hours a day.
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Nasdaq will introduce an overnight trading session on December 6 and is seeking approval to eventually offer trading for up to 23 hours a day.
SpaceX shares have fallen to a new all-time low, wiping approximately $1.48 trillion from the company’s market value in just 37 days and dropping well below their $135 IPO price.
Strategy shares fell to a 23-month low as the company’s unrealized Bitcoin losses climbed to approximately $11.2 billion.
Elon Musk reportedly lost more than $350 billion in a single day as SpaceX shares fell below their opening-day trading price.
South Korea’s KOSPI index plunged nearly 10%, erasing more than ₩800 trillion in market value and triggering trading halts.
SpaceX shares dropped another 10%, extending their decline to a third consecutive session after a historic post-IPO rally.
SpaceX shares have fallen 23% from their recent peak but continue to trade above their IPO price.
SpaceX shares fell about 12% as investors took profits following the stock’s powerful post-IPO surge.
SpaceX reached a $2.8 trillion valuation, surpassing Amazon and becoming one of the world’s most valuable companies.
SpaceX added $412 billion in market value in a single day, lifting its capitalization to $2.5 trillion.
South Korea halted trading after the KOSPI fell 8.4%, triggering an automatic circuit breaker.
Investors are debating whether SpaceX’s reported $2 trillion valuation leaves meaningful upside ahead of its IPO.
Some market analysts warn that SpaceX’s upcoming IPO could become one of the largest insider liquidity events ever, as early investors gain access to trillions of dollars in previously locked-up equity.
SpaceX reportedly priced its IPO at $135 per share, valuing the company at approximately $1.75 trillion.
SpaceX is reportedly targeting a $1.75 trillion valuation for its upcoming IPO, with the company expected to begin its investor roadshow on June 4 ahead of a planned Nasdaq debut on June 12.