SpaceX Shares Fall 2% on Tuesday Following $400B Market Cap Selloff

According to CNBC, SpaceX shares fell more than 2% in premarket trading on Tuesday, following a $400 billion market capitalization selloff on Monday as the post-debut rally fizzled out. The stock declined 16% on Monday after rising sharply following the company's record-breaking IPO on June 12. As of close on Monday, SpaceX's market cap stood at $2 trillion. The company also announced a senior unsecured notes offering and disclosed $100.8 billion in cash on hand as of June 19.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments