SpaceX plunges over 16 percent, wiping hundreds of billions off valuation after record IPO

Price ActionMacro Impact 4
โดย Yahoo Finance·Read original
Summary · why it matters

Asian equities fluctuated Tuesday following a tech-led sell-off on Wall Street, with Elon Musk's SpaceX plunging more than 16 percent and wiping hundreds of billions off its valuation after a record IPO and a winning trio of opening trading sessions. The drop came as the rocket and satellite company disclosed plans for an inaugural bond offering of unspecified quantity, reviving worries about the vast sums being poured into artificial intelligence with little sign of near-term returns. South Korean chip giants SK hynix and Samsung tumbled, dragging the Kospi index down more than three percent, while Tokyo's SoftBank shed more than seven percent. Oil prices edged up but remained below $80 after the US temporarily lifted sanctions on Iran, and the yen sat near a 40-year low against the dollar following the Federal Reserve's hawkish turn.

Impact on stocks 14

Artificial Intelligence▼ · 6 stocks
Samsung Electronics Co Ltd
005930
▼ NegativeDemandrelevance

Samsung tumbled as part of a tech-led sell-off, with worries about vast AI spending and little near-term returns.

Semiconductors▼ · 4 stocks
SK Hynix Inc
000660
▼ NegativeDemandrelevance

SK hynix tumbled as part of a tech-led sell-off, with worries about vast AI spending and little near-term returns.

Space Economy▼ · 1 stocks
Financials▼ · 1 stocks
SoftBank Group Corp.
9984
▼ NegativeCapitalrelevance

SoftBank shed more than seven percent as part of a tech-led sell-off, with worries about AI spending and little near-term returns.

Digital Finance & Tokenization▲ · 1 stocks
Spatial Computing / AR/VR▲ · 1 stocks
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