SpaceX Rout Continues as Tech Selloff Hits Stocks | The Pulse 6/23/2026

SpaceX shares have extended declines in premarket trading, a day after the company saw the second-largest single-session drop in market value on record. After falling for three straight sessions, SpaceX has shed more than $600 billion in value.

A selloff in technology stocks has dragged Nasdaq 100 futures lower. The slump has cascaded across global markets as investors turned jittery about high-flying tech stocks and frothy valuations. South Korea’s Kospi Index plunged 10% from a record high.

Andy Burnham, the former Mayor of Greater Manchester, appears set to become the UK’s seventh prime minister in a decade. Burnham’s path to Downing Street was cleared on Monday when Keir Starmer announced he would step aside as leader of the Labour Party. Burnham is under pressure to outline an economic plan for the UK following his sudden and spectacular rise toward the pinnacle of British politics.

Today’s guests: Ludovic Subran, Allianz CIO & Chief Economist; Victoria Honeyman, University of Leeds Professor of British Politics; Antony Jenkins, 10x Banking CEO & Founder

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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:36 – SpaceX falls 23% in three sessions
00:02:41 – Market roundtable: Allianz’s Ludovic Subran & Bloomberg Opinion’s Parmy Olson
00:14:51 – Downing Street roundtable: University of Leeds’ Victoria Honeyman & Bloomberg Opinion’s Rosa Prince
00:23:37 – Tuesday headlines
00:24:12 – UK PMI latest
00:24:57 – Antony Jenkins, 10x Banking CEO & Founder
00:32:04 – EU, UK reassess July 2 summit
00:32:28 – Assessing the cost of Brexit to UK
00:35:45 – Euro area business activity shows resilience to Iran war fallout
00:39:38 – Tankmaker KNDS expected to announce IPO as soon as today
00:43:25 – Big Take: How Eli Lilly’s CEO Plans to Defeat Pharma’s Boom-Bust Cycle
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