SpaceX shares fall below debut price amid $600 billion sell-off

SpaceX shares fell below their debut price of $150, erasing $600 billion in market value amid a broader tech sell-off before rebounding 2.4 percent. The decline followed a 16 percent drop on Monday, which wiped out $400 billion in value. Despite the volatility, analysts suggest the company’s revenue growth from new AI deals could stabilize the stock. Meanwhile, the tech sector as a whole is facing pressure, with the Nasdaq Composite index down 1.4 percent, driven by concerns over AI spending and potential interest rate hikes by the Federal Reserve.

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