đš Market Shock: âSPCXâ Plunges in Brutal Selloff đ
SpaceX-linked stock $SPCX saw a dramatic collapse today, closing down 16.4%, erasing more than $400 billion in market value in a single session.
The sharp drop comes shortly after the company launched its first offering of senior unsecured notes, aiming to raise at least $20 billion, despite holding around $100.8 billion in cash and cash equivalents.
đ The Bigger Crash Story
The selloff is part of a much deeper slide:
đ» Down 31.3% from its all-time high
đž Over $927 billion wiped out in just 3 trading days
đ Still 14.5% above IPO price, despite the crash
⥠From Hype to Panic
Just days ago, investors were aggressively bidding up $SPCXB
on expectations tied to AI growth narratives and space-sector hype. But sentiment reversed quickly, triggering heavy selling pressure and a sharp correction across the stock.
$NVDAB
$TSLAB
SpaceX-linked stock $SPCX saw a dramatic collapse today, closing down 16.4%, erasing more than $400 billion in market value in a single session.
The sharp drop comes shortly after the company launched its first offering of senior unsecured notes, aiming to raise at least $20 billion, despite holding around $100.8 billion in cash and cash equivalents.
đ The Bigger Crash Story
The selloff is part of a much deeper slide:
đ» Down 31.3% from its all-time high
đž Over $927 billion wiped out in just 3 trading days
đ Still 14.5% above IPO price, despite the crash
⥠From Hype to Panic
Just days ago, investors were aggressively bidding up $SPCXB
on expectations tied to AI growth narratives and space-sector hype. But sentiment reversed quickly, triggering heavy selling pressure and a sharp correction across the stock.
$NVDAB
$TSLAB
