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SpaceX falls for third day, erases $600 billion in market value
SpaceX shares have seen a significant drop, losing hundreds of billions in value over three days. This decline follows the company's announcement of its first investment-grade bond sale, signaling a major borrowing effort to fuel its artificial intelligence initiatives. Despite the recent dip, the stock remains above its IPO price, with strong retail investor interest noted. Analysts suggest the company's future growth potential is already factored into its current valuation.
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cryptobriefing.com
SpaceX frenzy cools as new cash wave awaits after IPO
SpaceX shares have pulled back 3-6% from post-IPO highs as the company prepares a $20 billion bond sale to refinance its xAI acquisition bridge loan.
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forbes.com
Musk’s Net Worth Plummets $350 Billion As SpaceX Falls 30% From High
A selloff for Musk’s rocket maker wiped out roughly $900 billion in market value.
