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SpaceX selloff continues, wiping out $400B in market value
Elon Musk Podcast
SpaceX shares saw a third straight day of losses on Monday, tumbling 16% and erasing $400 billion in market value — the second most in a single day for any company, per the Financial Times. Also on Monday, SpaceX signed a deal worth up to $6.3 billion to provide computing power to AI startup Reflection AI. Under the agreement, Reflection will pay $150 million a month from July through 2029 for access to hardware at SpaceX’s Colossus 2 data center.
View originalSpaceX shares saw a third straight day of losses on Monday, tumbling 16% and erasing $400 billion in market value — the second most in a single day for any company, per the Financial Times. Also on Monday, SpaceX signed a deal worth up to $6.3 billion to provide computing power to AI startup Reflection AI. Under the agreement, Reflection will pay $150 million a month from July through 2029 for access to hardware at SpaceX’s Colossus 2 data center.
- Published
- June 23, 2026
- Status
- active
- GUID hash
- 218f6bd5ac10c827064c97f5f91d8452566d585b43508cb74800d991d5a4f9ac
- Archive key
- spacex-selloff-continues-wiping-out-400b-in-market-value--entry_d410ddf8ff6f307cd023113affe4
- Archive id
- entry_d410ddf8ff6f307cd023113affe4