What has cast a shadow over SpaceX shares? Value dropped by $600 billion in three days—find out the reason..

Shares of Elon Musk's giant company, SpaceX, witnessed a decline for the third consecutive trading session. The company's stock fell by approximately 16 percent on Monday, closing at $154.60. Over the past three days, the stock has dropped by nearly 23 percent, resulting in a reduction of about $600 billion in the company's market value.

This decline comes at a time when SpaceX plans to raise capital by issuing investment-grade bonds for the first time. The company aims to make large-scale investments in projects related to Artificial Intelligence (AI). Despite the sharp drop, the company's market cap remains above $2 trillion, placing it among the world's largest companies.

**New Capital Raised for AI Expansion**
SpaceX has decided to sell investment-grade bonds for the first time. Through this process, the company is preparing to raise at least $2 billion. According to media reports, the company plans significant investments in the near future to boost AI infrastructure and computing capabilities.

Recently, SpaceX also entered into a key agreement with the AI ​​startup Reflection AI. Under this partnership, the company will provide its computing capacity. Before this, following the acquisition of Elon Musk's AI company xAI, SpaceX's business operations have strengthened across sectors such as space, satellites, and AI. Investors are hopeful that the company will expand its business through new technologies in the future.

**Immense Investor Enthusiasm Following the IPO**
SpaceX's IPO was valued at $75 billion, ranking it among the largest public issues of recent years. During initial trading, only 4.2 percent of the company's shares were available in the market. The limited availability of shares led to significant volatility in the stock price.
Retail investors participated enthusiastically in this IPO. Market data indicates that retail investors purchased large quantities of shares during the first five trading sessions following the listing. Last week, buying activity in SpaceX surpassed the combined volume seen in several major US tech companies. Although investors continued to buy on Monday, the level of enthusiasm appeared somewhat more subdued compared to earlier.

**Analyst Views**
According to an Economic Times report, market analysts believe that while SpaceX’s business prospects are strong, the company's valuation has already reached very high levels. Some analysts argue that the company's future growth potential is already priced into the stock. Experts note that SpaceX maintains a strong position in the space launch, satellite services, and AI sectors. However, the recent dip suggests that investors are currently booking profits and awaiting the impact of new initiatives. Confidence in the company remains intact for the long term, though volatility in the stock may persist in the near term.

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