🚨 SpaceX wiped out $400 billion in market value in a single day, the second-biggest one-day loss by any company in history.
Shares tumbled over 16% as rising US bond yields rattled investor confidence in the high-growth stock, which trades at over 100x its annual revenue.
From a near $3 trillion peak to $2 trillion in market cap, the post-IPO euphoria fades fast.
What’s your take, temporary correction or the beginning of a bigger pullback? 👇
Follow Cointelegraph for the latest market updates.
Shares tumbled over 16% as rising US bond yields rattled investor confidence in the high-growth stock, which trades at over 100x its annual revenue.
From a near $3 trillion peak to $2 trillion in market cap, the post-IPO euphoria fades fast.
What’s your take, temporary correction or the beginning of a bigger pullback? 👇
Follow Cointelegraph for the latest market updates.