SpaceX shares drop 16% after rocket company discloses it may take on billions in debt

Source: New York Post

SpaceX shares tumbled 16% Monday – their third straight day of declines — on news that Elon Musk’s rocket company could launch a massive borrowing binge.    After a blockbuster initial public offering earlier this month, SpaceX on Monday revealed in a regulatory filing that it plans to sell investment-grade bonds. The bond offering would aim to raise about $20 billion, according to reports, and could help bankroll costly AI development and longer term goals like building data centers in space.