Bitjie.com News reports that SpaceX’s market value has evaporated by more than $600 billion within three days, nearly half of Bitcoin’s $1.3 trillion market cap. Although Bitcoin fell by less than 1% over the same period, staying at around $63,600, SpaceX shares dropped 16% on Monday, reaching their lowest point since listing on June 12. The reason for the decline is that SpaceX announced plans to issue at least $20 billion in bonds to fund its artificial intelligence buildout. Meanwhile, oil prices fell as progress in the U.S.-Iran peace process advanced; Brent crude fell to below $78 per barrel, providing slow support for risk assets, including Bitcoin.

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PerpMoodSwing
· 5h ago
Issuing bonds to develop AI, the market is voting with its feet directly; Old Ma's move was a bit hasty.
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L2ArbitrageTrader
· 5h ago
$600 billion wiped out versus Bitcoin steady as ever—this time, the crypto market has somehow turned into a safe-haven asset?
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Lemon-FlavoredStopLoss
· 5h ago
Falling oil prices benefit risk assets, but SpaceX itself collapsed first, irony at its fullest.
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ThereIsAChainInTheReflection.
· 5h ago
SpaceX lost half of its Bitcoin market value in three days; the comparison is too heartbreaking.
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