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.
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.
Anthony Scaramucci-advised treasury company BNB Plus has crashed 99.9% and has been delisted from Nasdaq.
A 20-year-old allegedly stabbed a South Korean investment YouTuber on the same day the country’s stock market crashed 9%.
IBM crashed 26%, shedding $72B of its market cap in a single day after CEO Arvind Krishna confessed the company faltered during Q2.
SpaceX slipped below $140 per share on Monday, wiping out $1T from the peak market capitalization of Elon Musk’s IPO.