Keyword → Elon Musk

SpaceX (SPCX) Sheds $600B in 3 Sessions, Down 20% From Peak — $20B Bond Debut Reveals Pre-Committed IPO Proceeds

SpaceX stock has fallen more than 20% from its post-IPO peak of $225, shedding over $600 billion in market value across three sessions, after the company priced a $20 billion investment-grade bond offering — revealing that the bulk of its $85.7 billion IPO proceeds were already committed to retiring a pre-existing bridge loan. A $6.3 billion compute deal with Reflection AI failed to offset investor concern over leverage at a company still posting net losses.

SpaceX Climbs 3.1% to $208 Today — Stock Extends Post-IPO Rally on $60B Anysphere Deal

SpaceX shares rose 3.1% to $208 in premarket trading today, extending the post-IPO rally that began when the company went public on June 12 in the largest listing in Nasdaq history. The move builds on Tuesday's announcement that SpaceX will acquire AI coding startup Cursor's parent, Anysphere, in a $60 billion all-stock deal. Analysts say the acquisition signals SpaceX's ambitions beyond rockets and into artificial intelligence, intensifying its rivalry with OpenAI and Anthropic.