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SpaceX Meltdown Vaporizes $1 Trillion In Market Cap As Stock, Bonds Crater
SpaceX Meltdown Vaporizes $1 Trillion In Market Cap As Stock, Bonds Crater
SpaceX's Tuesday rebound was short-lived, with shares sliding to a new low of $110.85 late Thursday morning and extending their brutal post-IPO selloff.
At a current market capitalization of roughly $1.479 trillion, SpaceX has erased about $1.16 trillion, or 44%, since its valuation peaked at $2.639 trillion on June 23.
Shares are also trading well below the company's $135 IPO price, underscoring how quickly investor enthusiasm has evaporated.
The chart shows a selloff across SpaceX's capital structure:
Black line, right axis: SpaceX...
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Jun 6, 2026 / Tyler Durden
UK Conservatives Blast Labour North Sea Ban As 'Utter Madness'
UK Conservatives Blast Labour North Sea Ban As 'Utter Madness'
Authored by Tsvetana Paraskova via OilPrice.com,
The current UK government's policy of not allowing new drilling in the UK North Sea is “utter madness” as billions of barrels of untapped oil could benefit the UK industry and reduce Britain’s reliance on imports, Kemi Badenoch, the leader of the opposition Conservative Party, has said.
The ruling Labour government of Sir Keir Starmer has recently moved to permanently ban new oil and gas licenses in the UK section of the North Sea, drawing criticism from the...
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Jun 30, 2026 / Tyler Durden
"Right Above The Cockpit": Drone Strikes JetBlue Plane On Final Approach To JFK
"Right Above The Cockpit": Drone Strikes JetBlue Plane On Final Approach To JFK
JetBlue Airways Flight 948 reportedly struck a small drone while the narrow-body aircraft was in the traffic pattern on final approach to John F. Kennedy International Airport in New York City.
JetBlue pilots reported striking a drone earlier today as they approached New York - JFK Airport at ASALT, the waypoint in the center of the video, about 11:16:45 UTC. JetBlue #B6948 landed safely from Las Vegas moments later. The FAA is investigating. https://t.co/6p9iO8nCVv pic.twitter.com/aWdCiJSVJ1
— Flightradar24 (@flightradar24) June...
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Apr 23, 2026 / Tyler Durden
Iran Announces First Hormuz Toll Fees Successfully Transferred To Central Bank
Iran Announces First Hormuz Toll Fees Successfully Transferred To Central Bank
President Trump has repeatedly said that Iran "better not" collect tolls from ships seeking to traverse the Hormuz Strait waterway, as both warring sides have initiated their own rival blockades of different sectors of the strait.
Just last week, Trump had flatly rejected the possibility of Tehran imposing fees - reportedly $2 million or perhaps even more - when a reporter asked about the prospect of restrictions or tolls managed by Iran for strait passage. "Nope. No way. No. Nope," Trump...
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