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Bloomberg Marketsglobal

Burbidge: SpaceX FOMO Driving Stock Higher for Now

Bloomberg Markets
Wednesday, June 24, 2026 at 6:08 AM
~4 min read
Fixed IncomeEquities

Original Report

SpaceX shares ended higher on Tuesday, snapping a three-day selloff that wiped out more than $600 billion from the company's market value. The Elon Musk backed company also raised $25 billion of...

SpaceX shares ended higher on Tuesday, snapping a three-day selloff that wiped out more than $600 billion from the company's market value. The Elon Musk backed company also raised $25 billion of bonds in its debut offer, making it the latest megacap tech firm to tap investors for its AI expansion. Eileen Burbidge, Founding Partner at Passion Capital and Founder of NFG Ventures spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa explained the rally behind SpaceX. (Source: Bloomberg)

Glass House Analysis

Treasury market movements signal how investors view America's fiscal health and economic trajectory. Rising yields mean the government pays more to borrow, which eventually shows up in taxes or reduced services. For average Americans, this translates to higher mortgage rates, more expensive business loans, and a general tightening of financial conditions that makes everything from buying a home to starting a business more challenging.

Corporate decisions reverberate through local communities—a merger might mean headquarters relocating, a restructuring could eliminate jobs, and strategic shifts affect suppliers and service providers in countless towns. Behind quarterly earnings numbers are real employment decisions, investment choices, and community impacts that shape the economic landscape of regions across the country.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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