SpaceX has experienced a dramatic three-day market value decline of over $600 billion, marking one of the steepest short-term losses in recent history. The drop extended into premarket trading and contributed to broader weakness in the Nasdaq 100, reflecting growing investor unease about elevated valuations across the technology sector. This downturn is part of a wider global selloff, with indices like South Korea’s Kospi falling sharply from recent highs—down 10% from its peak—underscoring mounting concerns about sustainability in the tech rally.
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