SpaceX shares extend slide with another 3% fall; over $600 billion in market value wiped out in 3 sessions (opens original article in a new tab)

SpaceX shares fell 3% on Tuesday, continuing a post-IPO decline that erased over $600 billion in market value over three sessions, pushing the company's market cap below $2 trillion for the first time since its Nasdaq debut.

• SpaceX shares fell 3% on Tuesday, extending a post-IPO selloff that erased over $600 billion in market value in three sessions
• The stock's market cap dropped below $2 trillion, its lowest since the Nasdaq debut
• Investor concerns over SpaceX's valuation, cash burn, and debt led to a selloff, with Elon Musk's wealth decreasing by $350 billion