Stocks could be facing the end-of-quarter reckoning many investors feared when Elon Musk’s SpaceX unveiled plans for its multibillion-dollar initial public offering and Federal Reserve Chairman Kevin Warsh took over the central bank’s policy reigns earlier this month. The early signs of a late June “tech wreck” started to formulate Monday, with Google parent Alphabet shedding more than $225 billion in market value, its biggest slump in more than a year, and SpaceX extending its three-day decline to more than $600 billion. Shares in SpaceX were falling 4.3% in premarket trading Tuesday, putting them below $150 a share.
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Every retail trader on Reddit, X, and CNBC is fixated on SpaceX (NASDAQ:SPCX), the long-awaited Musk rocket IPO that prediction markets already value at roughly $1.17 trillion before the first share has cleared a public auditor. But here’s what you should actually be watching. The SPCX trade is a single-narrative bet wrapped around one personality, ... Forget SpaceX: 1 Unstoppable AI Cash Machine to Buy Hand Over Fist

SpaceX (SPCX) stock is falling from its initial hype, coming off three straight days of losses amid the wider tech sector sell-off. Yahoo Finance Markets and Data Editor Jared Blikre, Mariner Wealth Advisors chief investment strategist and head of equities Jeff Krumpelman, and Yahoo Finance Senior Business Reporter Ines Ferré take a look at the market action and long-term outlook.
It's hard to keep a good space stock down.
Elon Musk's space company is taking an unconventional approach to insider selling.
Shares are hurtling back to earth as investors grapple with a lofty valuation for a company that’s not expected to turn a profit until 2028.
Prediction market traders give Mark Zuckerberg the best shot at joining Elon Musk in the 13-digit club — but put his odds at just 32%.
Investing.com -- Susquehanna Financial Group initiated coverage of Elon Musk’s SpaceX (NASDAQ:SPCX) with a Neutral rating and a $170 price target, saying the rocket and satellite giant has a strong competitive position, but its current valuation is too stretched to warrant buying the stock.

SpaceX's sell-off continued on Tuesday, dipping below its market offering price before rebounding.
SpaceX shares have slipped below $150, the level at which they first opened on June 12, when the stock went public. Stock in Elon Musk's rocket company plunged 16% yesterday—its biggest one-day decline since its blockbuster IPO.
SpaceX shares (SPCX) fell below the $150 IPO price, with the market cap falling below $2T for the first time since public market debut.
SpaceX (SPCX) 30% drop over the last three trading days looks dramatic.
Cathie Wood's firm ARK Invest bought more than 200,000 shares of Elon Musk's SpaceX on Monday when the stock tumbled 16%.
SpaceX's Baa1 rating tests credit investors' faith in Musk's growth plans despite negative free cash flow.

It continues to be an ugly year for Salesforce shareholders.
Investing.com - U.S. stock index futures fell sharply on Tuesday, with technology shares once again leading losses amid a broader sell-off in artificial intelligence and semiconductor stocks.
It looks risky right now.
Anyone who bought SpaceX stock in the open market after its first trading day is now underwater on those purchases
Pre-Market Stock Futures: Futures are trading lower after a mixed start to trading on Monday, following the holiday-shortened week due to the Juneteenth Federal holiday. We may start to see some end-of-the-quarter reallocations and selling for Hedge funds, ETFs, and Mutual Funds this week, and today looks like a starting point. With most corporate buybacks ... Here Are Tuesday’s Best Wall Street Analyst Research Calls: Centene, Darden Restaurants, Flutter Entertainment, GE Healthcare, IBM, Nike,
Anthropic appeared poised to become the next blockbuster public offering. Just weeks ago, enthusiasm surrounding artificial intelligence seemed unstoppable, private market valuations were climbing, and investors were already comparing Anthropic’s potential debut to SpaceX‘s (NASDAQ:SPCX) record-setting IPO. Yet markets can change direction in a hurry. A sudden global sell-off in technology stocks has raised an ... Will the Tech Stock Rout Force Anthropic to Pull Its IPO?
GLJ Research analyst Gordon Johnson said that a Tesla-SpaceX deal would undercut one of the core pillars of the Tesla bull case.
New IPO millionaires better pump the brakes on high-end home expenditures.
Elon Musk may have ruined a great space stock by attaching an unprofitable AI business to it.
Shares Continue Falling After Sharp SelloffSpaceX (NASDAQ:SPCX) remained under pressure in premarket trading on Tuesday after suffering a steep 16. 4% decline in the previous session, as investors reassessed the company’s valuation following its strong post-IPO rally.
Otherworldly price targets for mega-IPOs rarely (if ever) come to fruition.