Bitcoin24h $77,347.88+0.45%

Ethereum24h $2,532.23+2.78%

BNB24h $738.34+3.53%

XRP24h $1.37+2.65%

Solana24h $102.03+2.72%

TRON24h $0.3396+0.40%

Hyperliquid24h $79.81+0.67%

Zcash24h $1,152.26+4.55%

Dogecoin24h $0.0850+1.74%

Monero24h $534.36+4.94%

Some SpaceX bonds have already sunk to junk-like territory

Investors lent SpaceX billions in June, and its longest-dated bonds have sunk to an effective junk-like yield of 7.5% at $0.90 on the dollar.

SpaceX slips below $140 per share, wiping $1T from peak valuation

SpaceX slipped below $140 per share on Monday, wiping out $1T from the peak market capitalization of Elon Musk’s IPO.

Elon Musk’s net worth of $1.4T is mind-bogglingly large, dwarfing the fortunes of even the richest crypto billionaires.

Last week was supposed to be a shining example of crypto tech tokenizing SpaceX stocks for the masses. Instead, the industry failed again.

After a flash-crash, Ventuals has promised to compensate victims of a forced liquidation in its Hyperliquid-listed SPACEX perp.