Investors sold off SpaceX shares after the company announced plans to issue investment-grade bonds to fund AI and infrastructure growth.
SpaceX shares fell 16.4% on Monday, marking a third straight session of declines and wiping $600 billion from its market valuation. The drop followed the company’s announcement to enter the investment-grade bond market to finance its expanding artificial intelligence and infrastructure projects.
Prior to the sell-off, SpaceX had seen steady gains amid strong demand for its satellite and launch services. Analysts had expected the company to rely on equity or private funding, making the bond issuance a shift in strategy. The move aims to diversify funding sources as capital needs grow.
The stock’s decline reflects investor concerns over increased leverage and the potential dilution of existing shareholders. No immediate market reaction in related sectors was reported.