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SpaceX Pre-Market Drops 3.5%

On June 22, SpaceX (SPCX.US) pre-market dropped 3.5% to $178.5. According to Bloomberg, after completing its public listing, SpaceX is quickly shifting towards the bond market to advance its artificial intelligence and orbital data center initiatives. The company is preparing for its first bond issuance, with a size of at least $20 billion. Oppenheimer & Co. predicted in a report on June 18 that SpaceX's net debt will rise from the current approximately $13 billion to over $400 billion by 2031, a scale that will surpass almost all publicly listed companies in the U.S. and will be more than three times the current debt level of Oracle Corporation. Analysts from Goldman Sachs and Evercore ISI expect that by 2031, SpaceX's capital expenditures will exceed $1 trillion, with most of it directed towards AI operations and the construction of space data centers.

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