SpaceX sheds $600 billion in three days as it taps the bond market for the first time
AI Summary
Shares in SpaceX have plummeted over three days, erasing nearly all the gains from its IPO and reaching their lowest point since its market debut. This sharp decline coincides with the company's first-ever foray into the bond market. The significant drop underscores investor skepticism towards its ambitious plans, even as it seeks to raise funds through bonds. This development is crucial as it highlights the challenges tech companies face in balancing growth ambitions with market perceptions.
Original Source
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