SpaceX Sinks 9% on $20 Billion Bond Sale, Virgin Galactic Drops 11%, Rocket Lab Falls 8% Despite NASDAQ 100 Debut Quick Read – SpaceX (SPCX) sank 9% after announcing a $20 billion bond sale, dragging Rocket Lab (RKLB) down 8% even on its NASDAQ 100 debut day. – Virgin Galactic…
rned just $227,000 in Q1 revenue while burning up to $92 million quarterly, amplifying its 11% drop with no new catalyst. – Prediction markets price a 97% chance Rocket Lab closes down today, with a target range of $94 to $96, despite its 53% year-to-date gain and $2.2 billion backlog. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Lab didn’t make the cut. Grab the names FREE today
Shares of SpaceX (NASDAQ:SPCX) stock are down 9% in midmorning trading Monday, sliding to around $168 after the company announced its first public bond offering. The senior notes deal aims to raise at least $20 billion, with proceeds earmarked to repay a bridge loan and fund AI and data-center projects. The pressure is spreading across the broader space sector.
Virgin Galactic (NYSE:SPCE) stock is off 11% to $3.16, making it the biggest percentage decliner of the group. Rocket Lab (NASDAQ:RKLB) stock is down 8% to $99. There’s a notable wrinkle here.