SpaceX’s $600 billion plunge erased nearly half of bitcoin’s market cap in three days
2026-06-23 07:03:07
SpaceX has lost more than $600 billion in market value over three trading days after announcing its first bond sale, a drop nearly half of bitcoin’s roughly $1.3 trillion market cap, according to CoinDesk. The stock fell 16% on Monday to $154.60, its lowest since its June 12 debut, taking the three-day decline to about 23% amid plans to sell at least $20 billion of bonds to fund an AI buildout after buying Elon Musk’s xAI in February. Bitcoin fell less than 1% over the same stretch, holding near $63,600.
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