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SpaceX Wavers Near $2T Market Cap After 3-Day Rout | Bloomberg Tech, Sonic AI
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SpaceX Wavers Near $2T Market Cap After 3-Day Rout | Bloomberg Tech
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Jun 23, 2026
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44:12
Interview
SpaceX Wavers Near $2T Market Cap After 3-Day Rout | Bloomberg Tech
From
Bloomberg Tech
Natasha Mascarenhas
(Host)
•
Ed Ludlow
(Host of Bloomberg Tech, Bloomberg Tech: Europe)
•
Bailey Lipschultz
(senior reporter)
•
Bloomberg Tech: Europe
(Guest)
•
Ryan Gould
(Guest)
•
Carmen Arroyo
(Guest)
•
Roland Busch
(Guest)
•
Yehara Anand
(Presenter)
•
Carmen Reineke
(Guest)
•
Venky Ganesan
(Guest)
•
Mark Gurman
(Bloomberg Reporter)
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Executive Summary
SpaceX launches a massive $20B+ debut bond offering, securing an investment-grade rating and strong investor demand despite its high cash burn and recent post-IPO stock volatility.
A global sell-off in technology stocks, initiated by chipmakers in South Korea, has spread to the US, raising significant questions about the sustainability and valuation of the current AI boom.
Venture capital and sovereign wealth funds are doubling down on AI, highlighted by Menlo Ventures' record $3B fund, Valor Equity Partners' $2.5B fund, and Abu Dhabi's MGX raising a massive $50B AI vehicle.
The AI arms race is driving major corporate and M&A activity, including Qualcomm's $4B bid for software firm Modula and Oracle's 21,000 job cuts, partially attributed to AI deployment.
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