Technology sector under pressure on concerns of capital needed to fund AI investments

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

A rally following the company's record breaking IPO on June 12 has cooled, with stock dropping the past two full days of trading.

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Just 10 days after the company’s blockbuster IPO, buyers of its initial public shares are in the red.

SpaceX stock fell Monday, losing the combined value of Palantir and Robinhood.

SpaceX shares have fallen for three consecutive days, erasing significant market value amid plans for a massive borrowing spree to fund AI ambitions. Read more at…

SpaceX shares have fallen for three consecutive days, erasing significant market value amid plans for a massive borrowing spree to fund AI ambitions. Read more at…

A losing streak for Elon Musk’s rocket maker cut its market value by nearly $1 trillion.

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…

Wall Streets AI-driven technology rally faced pressure as investors questioned whether rising infrastructure spending can generate sufficient returns. While hyperscalers such as…

Stock sheds hundreds of billions of dollars in market value

Gains have been pared back at the space and AI company following an initial surge after its record-breaking IPO.

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.

June 23 : Shares of Elon Musk's SpaceX slipped further on Tuesday following a three-session selloff that wiped out more than $600 billion from the company's market value, with the…

June 23 : The Nasdaq 100 index was on pace to erase more than $1 trillion in market value on Tuesday as technology heavyweights and chip stocks tumbled, while Elon Musk's SpaceX…

Shares in Elon Musk's rocket company are set to drop for the fourth consecutive day at Tuesday's market open, a major reversal from their IPO boom.

SpaceX shares were set for a fourth day of losses Tuesday, wiping out more than $900 billion in value from its peak.

Elon Musk's net worth has dropped by an estimated $350 billion after SpaceX shares tumbled more than 30% from their post-IPO peak, wiping out nearly $1 trillion in market value.…

SpaceX shares fell another 3%, extending a three-day selloff that has wiped out over $600 billion in market value and pushed the stock below its listing price. Concerns over…

Technology sector under pressure on concerns of capital needed to fund AI investments