Svmuu News: At the close of trading on Monday, SpaceX’s stock plummeted 16.43%, falling below its closing price on the first day of its IPO. The company’s market capitalization evaporated by approximately $400 billion in a single day, marking the second-largest single-day market capitalization loss in global corporate history.
SpaceX has fallen for three consecutive trading days, with a cumulative decline of more than 23%, and its market capitalization has shrunk by over $900 billion from its peak. Currently, its stock price remains 14.5% above the $135 IPO price, with a total market capitalization of approximately $2.03 trillion.
Previously, SpaceX had planned to raise at least $20 billion through its first bond offering to support the expansion of its AI business. In February of this year, SpaceX completed its acquisition of Musk’s xAI, integrating AI operations into its core strategy. Oppenheimer analyst Timothy Horan estimates that by 2031, SpaceX’s net debt will increase by more than $400 billion, far exceeding the debt levels of the vast majority of U.S. publicly traded companies today.