SpaceX falls for third day, erases $600 billion in market value (opens original article in a new tab)

SpaceX shares declined for three days, losing over $600 billion in market value as the company announced bond sales to fund AI initiatives. Retail investors remained active buyers despite the drop.

• SpaceX shares fell 16% on Monday, marking third consecutive day of decline
• Company's market value erased over $600 billion in three days
• SpaceX announced sale of investment-grade bonds to fund AI ambitions
• Retail investors bought more SpaceX last week than all Magnificent Seven stocks combined
• Analysts at KeyBanc Capital Markets gave sector weight recommendation