SpaceX shares slide as bond offering looms after IPO spike
SpaceX’s SPCX stock closed down 16.4% on Monday, extending a three‑day slide after a heated IPO run; the company also confirmed its first bond sale, reportedly around $20 billion, to refinance the bridge loan tied to its February xAI deal. Investors weigh the impact of debt financing on costs and stock valuation, while upcoming equity lock-ups could add selling pressure, with insiders potentially able to unload up to about 44% of SpaceX shares by early September, expanding the current float from roughly 4%. SpaceX briefly surged past giants like Amazon and Microsoft during the IPO hype, but is now down from its peak near $225 to about $155.