SpaceX shares fell another 3% on Tuesday, extending a sharp post-IPO selloff that has erased more than $600 billion in market value over the past three trading sessions. The stock's latest decline pushed the company's market cap below the $2 trillion mark for the first time since its blockbuster Nasdaq debut. SpaceX, which is expected to be added to the Nasdaq-100 index, has now surrendered a significant portion of the gains made during its record-breaking listing.
The latest weakness comes amid a broader selloff in technology stocks, with the Nasdaq-100 on track to lose more than $1 trillion in market value as investors dumped large-cap technology and semiconductor shares.
