SpaceX Shares Plunge 16%, Erasing $400 Billion in Market Value
SpaceX shares suffered their biggest single-day decline since the company entered the public market, falling 16.4% and wiping out roughly $400 billion in market value. The stock closed at $154.60, marking the sharpest drop since its blockbuster June 12 debut. The selloff came after investors reacted to SpaceX’s announcement that it plans to raise more…