# ASX Set to Rise as SpaceX Shares Plunge
The Australian share market is expected to open higher as SpaceX shares experience a significant decline. The plunge in SpaceX valuations has reportedly wiped more than a trillion dollars in value.
This movement in SpaceX shares is influencing broader market sentiment, with the ASX poised to gain ground as investors respond to the developments. Business reporters are monitoring the day's trading activity and market dynamics as events unfold.
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