Why SpaceX Stock Is Dropping Again Today
A bond sale pressured shares even as SpaceX announced a new AI contract.
Why SpaceX Stock Is Dropping Again Today
Overview
Shares of Space Exploration Technologies (NASDAQ: SPCX) continued to plunge today, and it wasn't just because the early hype is wearing off. The stock was down 9% as of 11:34 a.m. ET, and heading for what would be its third consecutive losing session.
Investors sold the stock early after the company announced its first bond sale as a public company. Shares bounced off the morning low, though, after SpaceX's AI segment announced a deal to sell compute capacity to open-source AI start-up ReflectionAI.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
