SpaceX shares fell sharply on Monday, extending a multi-day selloff as the market digested the prospect of a significant debt offering.
The aerospace and artificial intelligence company is preparing to issue bonds to finance its expanding AI infrastructure, a move that has spooked equity holders concerned about leverage and dilution.
4% in the session, marking the third consecutive day of steep declines.
The stock tumbled 16.4% in the session, marking the third consecutive day of steep declines.
The sell-off pushed the share price below its initial public offering level, signaling a severe repricing of the company's near-term growth narrative.
Wall Street equities broadly pulled back from near-record levels, with the technology sector leading the rotation out of high-growth names.
The decline reflects investor anxiety over the scale of capital required for SpaceX's AI ambitions.