SpaceX's market value drops by $400 billion
SpaceX suffered a significant blow in a single trading session, losing about $400 billion of its market value after its stock declined by 16.4%, reaching $154.60. This happened amid rising U.S. government bond yields and expectations of higher interest rates, which impacted the shares of highly valued companies, especially high-growth tech firms. The company is experiencing large fluctuations following its record-breaking valuation of $86 billion.
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