SpaceX Falls After Bond Offering, New Analyst Coverage. Space Stocks Drop Below Key Levels.

SpaceX falls for third day, erases $600 billion in market value

SpaceX plummeted 23% in three days, erasing $600B, while issuing bonds to fund $20B AI push and Reflection AI deal. Selloff marks valuation reset as Anthropic/OpenAI race toward $1T IPOs, forcing CTO portfolio reshuffling on space-AI infrastructure bets.