News

Elon Musk Loses $620 Billion In Days After Record IPO

Just days after its record breaking IPO, Elon Musk’s SpaceX has suffered a massive setback, losing nearly $620 billion in market value. Investors turned cautious following the company’s $60 billion all stock acquisition of AI coding startup Cursor, fearing dilution and overvaluation concerns. The sharp selloff pushed SpaceX down from its post IPO peak, triggering debate over whether the company’s historic market rally can be sustained.

This post was last modified on 23 June 2026 12:05 pm

Share
Published by
Tags: Elon Musk

Recent Posts

81% Of Indian Students Really Plan To Return Home?

Studying abroad is becoming increasingly popular among Indian students. But a new survey suggests that…

6 minutes ago

KOKA Day 1: Biggest Opener For Varun Tej

Varun Tej’s horror comedy Korean Kanakaraju has opened to an encouraging response at the box…

20 minutes ago

Ramayana Walking On A Sword With Overseas Release?

The countdown for the grand release of Ranbir Kapoor’s epic mythology ‘Ramayana’ has kicked off…

40 minutes ago

Rishabh Pant’s Midnight Land Request Gets CM’s Attention

Something very interesting happened last night and it involved team India cricketer Rishabh Pant. He…

58 minutes ago

Anirudh Proves Why He’s The G.O.A.T. Of His Generation

Music composer Anirudh Ravichander is riding high on the success of DC. DC marks Lokesh…

2 hours ago

Telugu Box Office: Kanakaraju Gains, DC Loses Potential

Korean Kanakaraju is witnessing a positive trend at the box office, with the film's publicity…

2 hours ago