Jun 23, 2026 · 6 min
SpaceX recovers from selloff while IBM defies broader tech decline
SpaceX Down, IBM Gains, Carnival Drops as Forecast Misses Estimates
Understanding these divergent stock movements reveals how regulatory policy and earnings misses are shifting investor capital between tech and travel.
- 1SpaceX is recovering from a steep market value selloff that temporarily dented its valuation.
- 2IBM is defying a broader tech sector decline following a Wall Street upgrade and quantum computing policy shifts.
- 3Carnival shares slumped significantly after its third-quarter earnings forecast missed Wall Street estimates.
Don't miss
Jordan Fitzgerald details how federal policy focus on quantum computing helped IBM buck the downward trend affecting the broader tech sector.
The brief
A massive market value selloff recently triggered a sharp decline for SpaceX, but the private aerospace giant is already showing signs of recovery as investors recalibrate their positions in the space transportation sector.
While tech stocks face a broader decline, IBM is proving resilient. A recent Wall Street upgrade and new executive orders focused on quantum computing have bolstered the multinational technology company's market position.
The stability of tech giants like IBM contrasts sharply with the travel sector, where Carnival suffered a major stock slump after its third-quarter earnings forecast missed estimates amid wider concerns over Korean chipmakers.
What was said on this episode
4 statements · 2 positive · 1 negative · 1 neutral
The market is not yet ready for SpaceX to exceed $150.
“the market's not quite ready for SpaceX to break through that hundred and fifty dollar level”
Listen at 1:38
A lower SpaceX price could benefit some investors or stakeholders.
“for some SpaceX going lower could be beneficial”
Listen at 1:49
IBM stands to benefit from White House support for quantum computing.
“so is really it really stands to benefit from any sort of support from White House”
Listen at 2:33
The Iran war and fuel prices have repeatedly hurt cruise stocks.
“with the war in Iran and everything going on with fuel prices, the cruise stocks have kind of gotten hit over and over and over”
Listen at 3:02
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
Quantum Computing
Bloomberg L.P.Books & mentions
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