SpaceX shares suffered a severe sell-off, tumbling 16.4% in Monday’s trading session.
The sharp decline marks the third straight day of heavy losses for Elon Musk’s aerospace and artificial intelligence company, pushing the stock price below its initial public offering level.
The market reaction reflects growing investor concern over the company’s capital structure.
SpaceX is preparing to issue a significant volume of bonds to finance its operations and expansion plans.
The prospect of this large debt offering has weighed heavily on sentiment, with traders pricing in the potential dilution and increased leverage associated with the move.
This latest drop extends a multi-day selloff that has eroded a substantial portion of the stock’s recent gains.