The newly public company shed close to half of bitcoin's entire market value in three sessions after announcing its first bond sale. Bitcoin, absorbing the same backdrop, fell less than 1%.

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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US company's shares have jumped nearly 40% from the June 12 IPO price of $135

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…