Mag 7 Weekly: All Seven Down — The SpaceX IPO Effect Is Real

Apple -6%. Meta -9%. Tesla -9%. Here's the one reason all seven fell together this week. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  

June 11, 2026 Thursday Mag 7 Weekly Report | June 11, 2026 Mag 7 Weekly Report: All Seven Down — The SpaceX IPO Effect Is Real Every single Magnificent 7 stock bled this week. Apple -6.3%. Microsoft -7.2%. Meta -9%. Tesla nearly -9%. When all seven fall together like this, the cause is almost never internal. This week, the culprit hiding in plain sight is the $1.75 trillion SpaceX IPO — and what it means for where money is flowing next. Stock Price This Week AAPL $291.58 -6.31% — iPhone cycle slowing; AI narrative fading MSFT $397.36 -7.17% — Azure strong; OpenAI costs in focus GOOGL $356.38 -4.25% — Most resilient of the group; ad revenue buffer AMZN $238.00 -6.22% — AWS momentum solid; rate anxiety drives selloff META $570.98 -9.02% — Biggest dollar loser; AI ad thesis repriced NVDA $200.42 -8.34% — Broadcom chip commentary hit Nvidia hardest TSLA $381.59 -8.81% — Investors selling TSLA to fund SpaceX exposure This week's individual takes: AAPL: iPhone upgrade cycles are slowing, and the AI on-device story hasn't moved the unit needle yet. MSFT: Azure is still growing. The question now is when OpenAI's capital bill shows up in the margins. GOOGL: Most resilient of the seven. Advertising machine provides a buffer the pure hardware plays don't have. AMZN: AWS momentum has been strong, but high-multiple growth stocks reprice hard in a risk-off week. META: Biggest dollar loser in market cap this week. AI ad targeting + Reality Labs are longer-dated bets that reprice violently. NVDA: Broadcom's cautious chip demand commentary hit Nvidia directly. At 35x forward earnings, there's no room for doubt. TSLA: Investors are liquidating Tesla specifically to chase SpaceX exposure. The irony isn't lost on anyone. Read the Full Report › The Real Reason Elon Is Taking SpaceX Public Sponsored It's not what most people think. The $1.75 trillion IPO is really about Elon's "Project Unlimited" — and one little-known company is positioned at the center of it all. Read more. › You are receiving this e-mail at fromworksmart.jewelry@blogger.com, as part of your subscription to Money Morning. Manage Your Preferences by clicking here. No longer interested? Unsubscribe. © 2026 Money Morning. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication prior to following an initial recommendation. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Agora Media, 14 West Mt Vernon Place, Baltimore, MD 21201. Money Morning is a First Light Financial, LLC publication. To contact us call 866-616-2166 or visit us online. Website  |  Privacy Policy  |  Terms & Conditions