SPCX is trading at $148.34, down 17.44% in the last 24 hours.
With the price now below its $150 debut level, investors who bought on the secondary market could be facing unrealized losses if weakness continues at the U.S. market open.
SpaceX ($SPCXB ) crashed so badly today 💔 $SPCX closed down 16.4% today, wiping out more than $400 billion in market capitalization. The selloff comes just days after the company launched its first offering of senior unsecured notes, seeking to raise at least $20 billion despite reporting roughly $100.8 billion in cash and cash equivalents. The bigger picture is even more dramatic $SPCX is now down 31.3% from its all-time high More than $927 billion in market value has been erased in just 3 trading days The stock remains 14.5% above its IPO price Just a week ago, investors were chasing the stock higher on AI and space hype. Now the market is asking a different question: Was the valuation simply too far ahead of reality? Short 👇$SPCX
All eyes are on today's fed decision. What's your prediction for the market's next move? Bullish Bearish Drop your prediction in the comments and tell us why! $BTC