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Moneycontrol

SpaceX shares slide 16%, wiping nearly $600 billion in market value over three-day selloff

SpaceX shares extended a three-day slide, falling 16% in the latest session and erasing nearly $600 billion in market value. The stock has retreated from a post-listing peak of $225 to $154.6, still about 15% above its IPO price of $135. The company is reportedly planning a first-time investment-grade bond sale of at least $20 billion to fund expansion of its artificial intelligence initiatives, though it has not confirmed the final size. Retail investors have continued to buy, but demand has softened compared with earlier sessions.
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