SpaceX shares plummeted 16% over three days, wiping out $600 billion in market value, shortly after reaching a peak of $225 per share post-listing.

A selloff for Musk’s rocket maker wiped out roughly $900 billion in market value.

SpaceX stock has fallen back toward $185 from a $225 peak, as a thin float, new short-selling tools, and a $60bn Cursor deal cool the euphoria.

Follow the latest news on the major headlines of the day.

SpaceX shares have seen a significant drop, losing hundreds of billions in value over three days. This decline follows the company's announcement of its first investment-grade…

Stock sheds hundreds of billions of dollars in market value