Multiple outlets report that a deepening technology selloff is pushing the Nasdaq 100 toward losses of more than $1 trillion in market value. The downturn is described as broad within the tech sector, with heavy declines contributing to the index’s steep fall over a short period. SpaceX is also highlighted as a notable moving factor, with reports that the company’s market valuation declines sharply during the same three-session window.
The Globe and Mail specifically states that Elon Musk’s space company has lost more than $600 billion in market value over the past three sessions. CNA and Yahoo Finance similarly link the overall market move to weakness in technology and note SpaceX’s share-price or valuation decline as part of the same market pressure.
Taken together, the coverage attributes the large index move to ongoing selling in technology-related stocks, while also pointing to SpaceX as a separate, significant contributor to the volatility seen in the period covered. All reports are consistent on the scale of the Nasdaq 100 decline and the extent of SpaceX’s valuation drop over several recent sessions.
