SpaceX stock slides 17% in its first full week of trading

SpaceX’s SPCX finished its first full week as a public company down about 17%, pulling its market value back toward the $2 trillion mark after peaking above $2.5 trillion and trading near its $135 IPO price after opening above $150. The week also featured a $25 billion bond sale that drew roughly $90 billion in orders, prompting questions about whySpaceX is borrowing so heavily to fund growth. Bloomberg later noted paper losses on the debt offering, underscoring investor worry about the space/AI rally. Separately, SpaceX is exploring a Starlink-based consumer wireless service for recurring revenue, while OpenAI reportedly slowed its own IPO plans, signaling a possible cooling in enthusiasm for high-fliers in AI and related tech.