SpaceX Selloff Tech Rout
SpaceX shares plunge below IPO price, wiping out $600 billion in value amid broader tech sector anxiety over AI capital intensity, while US banks clear stress tests.
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Banking shares led the recovery in Athens, while ADMEH shares corrected lower. The shift follows a truce agreement that eased geopolitical risk premiums across European equities.
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- MARKETSpaceX valuation drops $600bn as shares trade below IPO price
The aerospace giant's market cap has contracted sharply less than two weeks after its debut, raising questions about whether the selloff reflects a broader tech correction or specific execution risks.
- UPDATEUS Fed clears 32 largest banks for dividend hikes after stress tests
Regulators confirm the sector's top lenders hold sufficient capital to absorb over $700 billion in hypothetical losses, paving the way for shareholder payouts.
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- MARKETSpaceX shares plunge below IPO price as tech selloff wipes out $600bn in value
The three-day rout erases all gains from the company's market debut, driven by broader concerns over the capital intensity of AI infrastructure spending.
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- CB MEETINGFederal Reserve rate decision (press conf.) US high
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