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SpaceX Loses $600 Billion in Value Over Three Days

SpaceX Loses $600 Billion in Value Over Three Days
Bloomberg Technology Tuesday 23 June 2026, 14:07 UTC 1 min read
Key Points

Jun 23rd, 2026 SpaceX Loses $600 Billion in Value Over Three Days SpaceX shares are looking to bounce back on Tuesday after a three-day selloff wiped off more than $600 billion from the Elon Musk-led rocket and satellite company’s market value. Shares are still up roughly 10% from its $135 initial public offering price. Pierre Ferragu of New Street Research says a cautious AI trade could be weighing on the stock.

Jun 23rd, 2026 SpaceX Loses $600 Billion in Value Over Three Days SpaceX shares are looking to bounce back on Tuesday after a three-day selloff wiped off more than $600 billion from the Elon Musk-led rocket and satellite company’s market value. Shares are still up roughly 10% from its $135 initial public offering price. Pierre Ferragu of New Street Research says a cautious AI trade could be weighing on the stock. He speaks on "Bloomberg Surveillance." [Image text:] PREMARKET SPCX SPACEX 5.51 149.09 3.56% Bloomberg Surveillance SPACEXSLIPSFOR THIRDSTRAIGHTDAY
SpaceX (ORG) Pierre Ferragu (PERSON) New Street Research (ORG)
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