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Euronews

SpaceX wins investment-grade ratings as shares drop more than 18% from $225.6 peak

SpaceX received investment-grade credit ratings from Moody’s, S&P Global and Fitch in its first week as a public company, at Baa1/BBB/BBB+ respectively. The stock still fell more than 18% in a single session, sliding from a $225.6 high to $185 after its market value briefly topped $3 trillion. The rating reports cited heavy AI capital spending, sustained negative free cash flow, and dependence on Starship progress and Elon Musk’s leadership.
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