Bought SpaceX At The IPO? You're Up 23%. Bought The Peak? You're 'Down Almost 25%,' Says Mohamed El-Erian

SpaceX stock tumbles 23% from its high, as average investors see gains wiped out

SpaceX dropped 23% from its IPO peak in 10 days, erasing retail gains despite a record $85 billion raise. Planning $20 billion in new debt for AI infrastructure fuels market concern over debt burden of mega-cap tech companies scaling AI.