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Reuters55d agoneutral
Morning Bid: SpaceXhaust

June 23 (Reuters) - What matters in U. and global markets today , Editor-at-Large, Finance and Markets Big Tech started the week in reverse, with megacaps Alphabet and Amazon each falling around 5% on Monday, dragged down by a mix of concerns: interest ‌rate expectations, lofty AI spending and rising debt.

Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
Reuters55d agobearish
Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides

The Nasdaq 100 index was on pace to erase more than $1 trillion in market value on Tuesday as technology heavyweights and chip stocks tumbled, ‌while Elon Musk's SpaceX dropped below $2 trillion in market cap for the first ‌time since its U.S. debut. SpaceX, which is expected to join the Nasdaq 100, has lost more than $600 billion in ​market value in the past three sessions. It last had a market valuation of $1.95 trillion, if the day's losses hold.

💬 Analysts on SpaceX’s Borrowing Plans
The Wall Street Journal55d agoneutral
💬 Analysts on SpaceX’s Borrowing Plans

📣 “Why do you need like $100 billion in cash? With Elon Musk you never know what’s going on in that man’s head.” —CFRA Research senior analyst Keith Snyder, on SpaceX’s intention to issue more than $20 billion in bonds to pay back a bridge loan, and possibly new projects, too—something that might try investors’ patience coming just weeks after its $85 billion IPO.

Bloomberg55d agoneutral
‘A Lot of Leeway’: SpaceX’s High-Grade Debt Brings Out Skeptics

(Bloomberg) -- When Moody’s Ratings first evaluated Nvidia Corp. almost a decade ago, it settled on a Baa1 investment-grade rating, taking comfort in its relatively light debt load and more than $1 billion of free cash flow after 16 years as a public company.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueIran Says Hormuz Closed Again as Talks With US Set to OpenStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapUS and Iran Make ‘Progress’ in T

The Stock Market Is on a Tear But 3 Things Could Go Wrong
Barrons.com55d agoneutral
The Stock Market Is on a Tear But 3 Things Could Go Wrong

Fed Chair Kevin Warsh struck a hawkish tone during his first press conference leading the central bank last week. The future still looks bright for markets through the rest of this year, but today I’m breaking down the key risks to watch in the second half of 2026, and how investors are digesting Warsh’s not-so-detailed preview of the Fed’s path forward. The factors that could drive markets higher for the rest of 2026 are widely known: Improved earnings estimates thanks to AI-driven demand, a dovish Fed, and a warm stock market welcome for Anthropic and OpenAI when they debut later this year.

Oil falls as US waives Iranian sanctions and Nasdaq tumbles
AFP56d agobearish
Oil falls as US waives Iranian sanctions and Nasdaq tumbles

Crude prices fell Monday after the US said it is temporarily lifting sanctions on Iran to allow it to export oil, while the Nasdaq retreated on concerns after AI investments by SpaceX and other tech giants.The US Treasury said later Monday it was temporarily lifting sanctions on Iran to allow the Islamic Republic to produce, sell and deliver crude oil and related products through August 21.

SpaceX initiates first bond sale while the stock sheds post-IPO gains
Yahoo Finance Video56d agoneutralVIDEO
SpaceX initiates first bond sale while the stock sheds post-IPO gains

SpaceX (SPCX) stock has sunk by as much as 13% in Monday's session — continuing to shave off any post-IPO gains — as the Elon Musk company is already announcing its first bond issuance. Yahoo Finance Senior Transports Reporter Pras Subramanian comes on Market Domination to further discuss these details.

AI startup Reflection signs computing power deal with SpaceX
Reuters56d agoneutral
AI startup Reflection signs computing power deal with SpaceX

Reflection AI said on Monday it has signed a deal with SpaceX that will ‌grant the startup access to additional computing capacity at ‌the Elon Musk-led company's Colossus 2 data center. Under the agreement, the open-source ​AI startup will get immediate access to Nvidia GB300s, AI chips used to train and run advanced models, and has agreed to pay SpaceX $150 million per month beginning July 1, 2026, ‌through 2029, CNBC reported, ⁠citing materials viewed by the publisher. • SpaceX and Reflection did not immediately ⁠respond to Reuters' requests for comment about the agreement.

SpaceX Strikes $6 Billion Deal With AI Startup for Data-Center Space
The Wall Street Journal56d agoneutral
SpaceX Strikes $6 Billion Deal With AI Startup for Data-Center Space

Reflection AI, a $25 billion-valuation startup building a network of open-source AI models, has agreed to rent data-center capacity from SpaceX following similar agreements with Anthropic and Google. The deal will give SpaceX $150 million a month in revenue, starting July 1, through the end of 2029, according to a person familiar with the matter. A Reflection spokesperson said that “more compute means more runway to build the world’s best open models at scale.”

U.S. tech megacaps slide as SpaceX extends slump, AI expense concerns grow
Reuters56d agobearish
U.S. tech megacaps slide as SpaceX extends slump, AI expense concerns grow

Shares of U.S. technology megacaps tumbled on Monday as SpaceX fell for the third straight session and hyperscalers Alphabet ‌and Amazon looked set to lose billions of dollars in market value, ‌driven by AI spending concerns. SpaceX slid over 10% after last week's blistering post-IPO rally. Alphabet dropped 6%, set for its biggest one-day fall since May 2025 and on pace to erase more than $256 billion in market capitalization.

SpaceX Ripped Past a $2.5 Trillion Valuation Following Its Historic IPO. Is SPCX Stock a Dangerous Bubble at $185?
24/7 Wall St.56d agoneutral
SpaceX Ripped Past a $2.5 Trillion Valuation Following Its Historic IPO. Is SPCX Stock a Dangerous Bubble at $185?

At $185, SpaceX (NASDAQ:SPCX) faces a stretched setup. The newly public rocket and connectivity giant has become the loudest IPO story on Wall Street, and the price action since listing demands a verdict. SpaceX operates the Falcon and Starship launch systems, runs roughly 9,600-satellite Starlink broadband constellation across 164 countries, and houses xAI after an ... SpaceX Ripped Past a $2.5 Trillion Valuation Following Its Historic IPO. Is SPCX Stock a Dangerous Bubble at $185?

AI Momentum Outweighs Iran Risks and Fed Concerns, Says Chief Economist
24/7 Wall St.56d agoneutral
AI Momentum Outweighs Iran Risks and Fed Concerns, Says Chief Economist

Stephanie Roth, chief economist at Wolfe Research, argued on a CNBC Morning Call that the AI capex cycle has runway, geopolitical risk is being absorbed by the stock market, and the Federal Reserve can stay patient despite sticky inflation. Her view sets the tone for a week hinging on Micron Technology (NASDAQ:MU) earnings, Iran negotiations, ... AI Momentum Outweighs Iran Risks and Fed Concerns, Says Chief Economist

SpaceX Stock Tumbles 10%
The Wall Street Journal56d agobearish
SpaceX Stock Tumbles 10%

SpaceX shares are on course for their biggest one-day decline since they went public earlier this month. They are down for the third session in a row, and more than 15% below their record close of $201.