Micron Technology IncMU
Mentioned
SpaceX has erased nearly $750 billion in market cap since its $225 peak, with shares now threatening to fall below the $150 first-day open price. The stock closed at $154.60, reducing market capitalization to approximately $2.04 trillion, and premarket trading has it down more than 4% near $148. Three simultaneous headwinds are compounding selling pressure: a $60 billion all-stock Anysphere acquisition, a $20 billion debt offering, and looming lockup expirations. A global tech selloff, with Micron down 9% and Sandisk falling 10%, is adding broader pressure on SpaceX as a heavily owned growth stock.
Micron Technology Inc
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