The pressure comes just days after the $NVDAB company announced its first senior unsecured notes offering, aiming to raise $$20B+, despite holding around $100.8B in cash and equivalents.$NVDAB
š The bigger picture: ⢠$SPCXB is now down 31.3% from its all-time high ⢠Over $927B market value erased in only 3 trading days ⢠Still trading 14.5% above its IPO price
Just one week ago, investors were chasing the stock because of AI and space growth hype š
Now the market is asking the biggest question:
ā Was the valuation simply too far ahead of reality?
Market corrections can be brutal, especially when expectations move faster than#SpaceX #CryptoNews #BinanceSquare #MarketUpdate