SpaceX shares extended their decline on Monday, deepening a multi-day selloff that has erased approximately $600 billion from the company’s market capitalization.
The aerospace and artificial intelligence giant saw its stock plunge 23% in early trading, a move that has reignited broader market anxieties regarding an artificial intelligence bubble.
The steep drop followed the company’s announcement that it is preparing to issue a significant amount of debt to fund its operations and expansion plans.
The market’s reaction underscores growing investor caution toward high-growth tech valuations.
As SpaceX digests the prospect of a substantial bond offering, traders are scrutinizing the sustainability of premium multiples across the AI sector.
The selloff reflects a repricing of risk, with investors demanding greater clarity on how the company will manage its capital structure while pursuing aggressive growth targets.