SpaceX stock tanks 16%, extending slump following post-IPO rally
A rally following the company's record breaking IPO on June 12 has cooled, with stock dropping the past three days of trading.

A rally following the company's record breaking IPO on June 12 has cooled, with stock dropping the past three days of trading.
Google parent Alphabet has seen consecutive high-profile artificial intelligence researchers leave.
Treasury Secretary Scott Bessent authorized the import of Iranian oil and refined products into the U.S. through at least August.
Beijing's latest push into electric trucks has echoes of measures announced more than a decade ago to develop new energy passenger cars.
Harris County authorities said that the driver, Michael Butler, said that he had been using Tesla's partially automated driving systems.
Oil rises slightly early Tuesday as investors continue to assess the latest developments in the Middle East, while showing optimism the conflict may end soon.
Rep. Ro Khanna, D-Calif., has been a critic of the Elon-Musk-led Department of Government Efficiency cuts.
Beijing is summoning tech executives for meetings as it did in 2021, but now it has less room to wield a heavy hand due to deflation and rivalry with the U.S.
Pennsylvania Gov. Josh Shapiro touted a $20 billion economic development deal last June, the state's largest ever. It's caused Shapiro no shortage of grief.
The House is also expected to advance a sprawling housing package this week that's aimed at creating more supply and making homes more affordable.
Shares of Nvidia have been faltering recently — and Kalshi traders predict that what the company can charge for chips is also declining.
Micron and Cerebras report this week. Also there's heavy options activity in Super Micro.
Iranian supertankers have switched on their transponders, after going dark during the war, as they depart the Persian Gulf loaded with oil.
Alan Greenspan presided over the Federal Reserve for 19 years under four presidents and mastered the art of obfuscation known as Fedspeak.
CNBC Elite Advisors recognizes wealth management firms serving high net worth and UHNW clients.
This year could see a major drive to everyday essentials, a growing category for the e-commerce giant's annual shopping event.
Will Cathcart will step down as the head of WhatsApp and move into another role at the company. Kunal Shah will take over.
JD Vance said U.S.-Iran talks in Switzerland made progress, with Tehran agreeing to allow IAEA inspectors back into Iran.
SpaceX on Monday unveiled a senior unsecured notes offering and said it held about $100.8 billion in cash.
The Meta CEO is seen as next to join the Tesla and SpaceX CEO. Nvidia CEO Jensen Huang is seen as the second-most-likely.
Keir Starmer’s exit puts Andy Burnham, gilts, sterling and the next UK chancellor in focus for investors.
Childcare can be expensive for both parents and their employers. Yet existing tax incentives to help defray those costs may go unused, a new report finds.
Target Chair Brian Cornell built the retailer into a $100 billion-plus giant, but recent struggles and underperformance have fueled investor calls for change.
Lucid Group is cutting its U.S. workforce by 18% as part of a cost-savings plan. It also said COO Marc Winterhoff is departing effective immediately.