SpaceX, a newly public company, saw its market value decrease by $600 billion after announcing its first bond sale. This substantial loss has raised concerns about the broader implications for the market.
In the same timeframe, bitcoin's market cap was affected, with estimates suggesting it lost nearly half of its total value. However, bitcoin itself fell by less than 1%, indicating a complex market reaction.
The bond sale announcement appears to have triggered significant market responses, highlighting the interconnectedness of major financial entities and cryptocurrencies.