SpaceX Slumps Over 16% for 3 Straight Sessions, Price Falls Below IPO Close, Market Cap Wipes Out $600B+ in 3 Days
SpaceX closed down 16.43% on Monday, wiping $400 billion off its market capitalization and marking the second-largest single-day market cap loss in global corporate history.
The company launched a bond offering to raise at least $20 billion. Following the news, its stock has tumbled more than 23% over three trading days, erasing over $600 billion in market value.
Analysts note that debt financing will become SpaceX's primary source of funding. Its net debt is projected to surge by more than $400 billion by 2031, far exceeding the debt levels of nearly all U.S. corporations and more than tripling Oracle's total outstanding debt.
#SpaceX #SPCX #NasdaqIPO #Starlink #SpaceEconomy
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