SpaceX Sheds $178 Billion in a Day as Post-IPO Volatility Continues
SpaceX lost $178 billion in market value after shares fell nearly 10%, bringing total losses from the recent peak to about $895 billion.
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SpaceX lost $178 billion in market value after shares fell nearly 10%, bringing total losses from the recent peak to about $895 billion.
Meta shares jumped after a report said the company is developing a cloud business that will sell AI models and excess computing capacity to external customers.
Ark Invest purchased 45,728 shares of SpaceX, adding to its exposure to one of the world’s fastest-growing technology companies.
Ferrari replaced marketing chief Enrico Galliera after the disappointing launch of its first electric vehicle contributed to an 8% drop in the company’s shares.
Michael Burry exited his short position in Palantir and opened a long-term bullish position in Microsoft through December 2028 call options.
The Japanese yen weakened to its lowest level against the U.S. dollar since 1986, raising concerns that Japan could intervene again to support the currency.
SpaceX shares climbed 12% over the past two sessions as investors bought the dip following the company’s sharp post-IPO correction.
Netflix shares have fallen nearly 50% over the past year as investors reassessed valuation despite continued business growth.
Microsoft is heading for its worst month since 2000 as investors question whether its massive AI investments will generate adequate returns.
EPAM shares have dropped about 89% from their all-time high as slowing growth and AI-related concerns weigh on investor sentiment.
SpaceX plans to launch a direct-to-consumer Starlink mobile service in the United States, expanding beyond satellite broadband into the highly competitive wireless market.
Apple increased prices across several Mac, iPad, Vision Pro, and home device products, citing unprecedented cost inflation driven by a global memory shortage.
Micron reported record quarterly revenue, earnings, and guidance, significantly exceeding Wall Street expectations as surging demand for AI memory chips continued to drive growth.
Wendy’s shares surged 42% after attracting heavy attention from WallStreetBets, with record short interest fueling speculation that the stock could become the market’s next major short squeeze.
Getty Images shares surged nearly 100% after the company announced a display partnership with OpenAI, highlighting growing demand for licensed content in AI products.