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 --- "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 -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts