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SpaceX's $25 Billion Bond Offering Got Investment-Grade Ratings From All Three Agencies -- And the Stock Still Fell 16% Anyway. Here's Why
The Motley Fool·
SpaceX's stock has cooled significantly following its IPO despite raising $75 billion and securing investment-grade ratings on a $25 billion bond offering. The decline reflects investor concerns about the company's money-losing operations in space and AI, with only its Starlink telecommunications business currently profitable. As initial IPO enthusiasm wanes, the market is reassessing SpaceX's long-term viability and the broader AI trade faces increasing scrutiny.
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