SpaceX stock SPCX fell 16% on Monday after the company confirmed a $20 billion bond offering to repay the xAI bridge loan — revealing that much of its $85.7 billion IPO haul was already committed to debt. Morningstar values SpaceX equity at $62 per share while insiders could unlock up to 44% of all shares before October.
SpaceX Stock Falls 16% on $20 Billion Bond Debut: Capital Already Owed
