Business

Tech Stocks Suffer as SpaceX IPO Looms

Updated 2026-06-09 21:40 UTC 1 source Negative

Technology stocks experienced a downturn, driven by investor anxiety over the upcoming SpaceX IPO and concerns about AI investments. The market is grappling with uncertainty surrounding major tech players.

Coverage timeline — 2 articles

MarketWatch

Adobe needs a new CEO to make bold AI moves, and its choice could be revealed on Thursday

Given all the doubts around Adobe, it’s perhaps surprising that the company will likely go with an internal candidate to replace outgoing CEO Shantanu Narayen.

2026-06-09 20:21 UTC

MarketWatch

Tech stocks dive as Friday’s incoming SpaceX IPO creates ‘bad psychology’

Technology stocks tumbled on Tuesday, extending a swoon that began in early June, as investors anxiously await the historic SpaceX IPO later this week and retreat from hot parts of the AI playbook.

2026-06-09 20:31 UTC