SpaceX loses more market cap than precious metals sector by multiples, Peter Spina notes

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16 hours ago

SpaceX loses more market cap than precious metals sector by multiples, Peter Spina notes — SpaceX market cap loss surpasses sector

Peter Spina, CEO at GoldSeek.com, notes that over $500 billion has been erased from SpaceX's market capitalization in recent weeks.

He points out that this is a striking loss for a stock that is several times larger than the entire precious metals sector.

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Spina recently flagged rising bearish sentiment in gold and silver, saying market capitulation could be near in a previous statement. He has also questioned the Trump administration’s approach to the crypto sector, suggesting it extracted billions from the industry in another commentary. The latest remarks come as investors weigh declines across multiple asset classes.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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