Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
Key takeaways
- Nasdaq 100 set to shed over $1 trillion as tech selloff deepens;
- Space X, which is expected to join the Nasdaq 100, has lost more than $600 billion in market value in the past three sessions.
- The company s shares slid 3.6% to $149.1 in premarket trading and SpaceX was only about 9% above its IPO price of $135, as a blistering post-IPO rally last week continued to lose steam.
Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; Space X slides Reuters Tue, June 23, 2026 at 5:33 PM GMT+7 2 min read SPCX ^NDX ^IXIC June 23 (Reuters) - The Nasdaq 100 index was on pace to erase more than $1 trillion in market value on Tuesday as technology heavyweights and chip stocks tumbled, while Elon Musk s Space X dropped below $2 trillion in market cap for the first time since its U.S. debut.
Space X, which is expected to join the Nasdaq 100, has lost more than $600 billion in market value in the past three sessions. It last had a market valuation of $1.95 trillion, if the day s losses hold.
The company s shares slid 3.6% to $149.1 in premarket trading and SpaceX was only about 9% above its IPO price of $135, as a blistering post-IPO rally last week continued to lose steam.