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Lost (SpaceX)
(620 billion dollars) of its market value
(SpaceX) lost more than 600 billion dollars of its market value in only 3 trading sessions after reaching an all-time high (~3 trillion dollars).
•IPO:
Largest IPO in history (75 billion dollars) at a price of $135 per share
•Peak:
Share price exceeded $225, and market cap ~2.99 trillion.
•Decline:
The stock fell by ~23% to around $154-179, and the market cap is now above $2 trillion.
• Reasons:
- Investor concerns about the very high valuation (expected 2025 revenue of $18.7 billion with net losses)
- The company's announcement of issuing billions of dollars in bonds to finance AI and rocket projects
$BTC $SPCX $NAS100