SpaceX shares extend slide with another 3% fall; over $600 billion in market value wiped out in 3 sessions

SpaceX shares fell another 3 percent, extending a sharp correction that has wiped out over $600 billion in market value across three sessions. The broader Nasdaq-100 is on track to lose more than $1 trillion as investors dump large-cap technology and semiconductor shares amid concerns over lofty valuations, rising cash burn, and AI-linked debt. Elon Musk's personal wealth has shrunk by an estimated $350 billion, with MSCI reportedly assigning SpaceX a CCC ESG rating, the lowest on its scale.