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The Latest Breaking News from SpaceX

Magnificent 7 Selloff Is a Buying Opportunity as AI Spending Boom Continues, Strategist Says

The Magnificent 7, which consists of Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet and Tesla, remains the dominant force in U.S. equities. A strategist said the recent selloff is a new opportunity to buy them.

International Business Times

AI stock slump raises the question if investors are just taking profits or getting very nervous

Tech companies are spending big on AI, but investors are getting nervous

The Independent UK

Cursor’s 25-year-old CEO turned a Discord server into a talent pipeline to build his $60 billion SpaceX-backed AI company

Cursor CEO Michael Truell hired many of his employees straight out of a Discord server.

Fortune

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NASA wants to dump the ISS in the sea. Experts say the plan 'raises serious concerns for ocean health'

NASA's plan to deorbit the International Space Station in coming years has stirred up a wave of reaction by a leading ocean conservation organization.

Space

Global M&A Deal Value Set For Strongest Year Since 2021 As AI Drives Megadeals

Despite geopolitical tensions and economic uncertainty, large corporate takeovers continued to gather pace across the technology sector, according to a new report.

International Business Times

$350 Billion Wipeout: Trillionaire Elon Musk Breaks World Record for Biggest Wealth Loss Ever as SpaceX Slumps

Elon Musk has lost an estimated $350bn in a week after a steep slide in SpaceX shares slashed his paper fortune from about $1.45tn to just under $1.1tn.

International Business Times UK

US Stocks Today | Chip stocks plunge, but bargain-hunters stem losses in other tech names

US chip stocks experienced a significant tumble, impacting the broader market and wiping out billions in value. While tech giants like Nvidia and Tesla saw declines, bargain hunters emerged, offering some support. This selloff, attributed to concentrated trading and shifting sentiment rather than AI fundamentals, highlights the volatility in the…

The Economic Times

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US Stocks | AI chip slump extends on Wall St as SanDisk sinks 12%, Micron drops 9% and AMD falls 5%

Wall Street witnessed a significant downturn in semiconductor stocks Tuesday, impacting major AI beneficiaries. Memory chipmakers like SanDisk and Micron saw substantial drops as investors re-evaluated high valuations amid escalating AI spending. This correction, also affecting broader tech, signals growing caution about the speed of returns from massive AI investments,…

The Economic Times

Coinbase Is Offering Pre-IPO Perpetual Futures on OpenAI and Anthropic. That’s Better News for COIN Stock Than It Is for You.

The gap between digital assets and traditional public company stocks has been narrowing, and recently, that trend has been accelerating. On Monday, Coinbase (COIN) officially launched pre-IPO perpetual futures contracts tied to artificial intelligence heavyweights OpenAI and Anthropic, following its earlier rollout of a similar vehicle for the recently public…

Barchart

Vimeo Owner Bending Spoons Targets Up To $1.62 Billion In Nasdaq IPO Amid Rebound In U.S. Listings

Bending Spoons, which owns Vimeo, WeTransfer, AOL and Eventbrite, is preparing one of the biggest European tech listings of the year.

International Business Times

US AI stock sell-off shakes markets from Wall Street to Asia

Losses spread globally as investors questioned soaring valuations and spending on AI infrastructure

The Guardian - US

Israel smuggled Starlink into Iran to help protesters but ‘incompetent’ Netanyahu didn’t use them, says former PM

Naftali Bennett said the receivers were meant to help protesters topple the regime

The Independent UK

The one guest Melania didn’t want staying over at the White House – but she was overruled

The guest spent multiple nights in the Lincoln Bedroom at the White House

The Independent UK

SpaceX Dragon says goodbye to the ISS | Space photo of the day for June 23, 2026

The cargo spacecraft catches the sunlight as it departs its visit to the space station.

Space

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The Economic Times

SpaceX shares extend slide with another 3% fall; over $600 billion in market value wiped out in 3 sessions

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 valuation, debt-funded AI expansion and broader technology sector weakness have weighed on investor sentiment despite the company's anticipated Nasdaq-100 inclusion.

International Business Times

SpaceX Drops Below IPO Price As Stock Falls For Fourth Day In a Row

SpaceX shares fell below the company's IPO price of $150 as a wider rout in tech stocks continues.

Barchart

Michael Burry Just Refused to Buy the SpaceX IPO. Here Are 3 Companies He Is Buying Instead.

Michael Burry has questioned SpaceX’s valuation, but the famed investor believes the cost to short SPCX is too high. Instead, he is buying these three stocks.

The Guardian - US

Will California’s billionaire tax proposal make it to ballots?

Despite more than double the needed number of signatures to qualify for ballot, there’s uncertainty it’ll make it to voters

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International Business Times UK

Cathie Wood Bumps SpaceX Stake Amid Selloff as Musk Loses More Than Buffett's Net Worth Overnight

Ark Invest, led by Cathie Wood, bought over 210,000 SpaceX shares during a $152 billion market crash. Learn about Roku share sales post-Fox acquisition and Ark's evolving strategy in disruptive markets.

International Business Times UK

Another AI Firm Is Paying SpaceX $6.3B for Nvidia Compute After Google and Anthropic's $26B Commitment

SpaceX has partnered with Reflection AI, securing a $150 million monthly deal to provide computing power, enhancing open-source AI development amid growing concerns over closed AI systems.

MarketBeat

SpaceX Valuation Loses Altitude as AI Risks Mount

Aggressive equity dilution and severe data center cash burn are forcing investors to rapidly reprice the dominant monopoly driving the commercial space sector.

Fortune

Elon Musk's trillion dollars aren't real — and that's the point

He draws no salary, can't sell his shares without collapsing their value, and his net worth depends on bets that haven't paid off yet.

The Economic Times

Elon Musk's fortune takes a $300 billion hit as SpaceX sees $1 trillion rout in market value

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. Concerns over valuation, debt-funded expansion, AI spending and broader tech weakness have fuelled the sharp correction.

Fortune

SpaceX's drop off sees Elon Musk's net worth fall $240 billion—roughly the same value as computing giant IBM

Musk’s net worth has dropped from a peak of $1.32 trillion to $1.08 trillion at the time of writing, per the Bloomberg Billionaires Index.

The Economic Times

Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides

Technology stocks came under heavy selling pressure on Tuesday, putting the Nasdaq 100 on track to lose more than $1 trillion in market value. SpaceX slipped below a $2 trillion valuation for the first time since its IPO, while chipmakers and AI-linked megacaps extended losses amid valuation and rate concerns.

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