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SpaceX shares drop more than 14% after rocket company discloses it may take on billions in debt
New York Post· 2026-06-23 04:29
See more of our coverage in your search results. "Investors remain skittish about all these debt offerings on the Street but it's par for the course in this AI arms race," said Dan Ives, a managing director at Wedbush Securities. "We are seeing massive debt and equity raises from Big Tech players to fund major capital expenditure buildouts over the coming years." SpaceX shares tumbled more than 14% Monday – their third straight day of declines — on news that Elon Musk's rocket company could launch a massive ...