BUSINESSJun 22 · 20:29 UTCNY POSTMarc Vartabedian

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

SpaceX shares dropped 16% after the company disclosed plans to issue investment-grade bonds to raise approximately $20 billion, which will fund AI development and space-based data centers.

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SpaceXorganizationinvestment-grade bondstopicAI developmenttopicdata centers in spacetopic

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