Photo by SpaceX on Unsplash

SpaceX Shares Fall 16% on Debt Plan

technologyJun 26, 2026·284 words·3 min read

Shares in SpaceX, the rocket company run by Elon Musk, fell 16% on Monday — the third day in a row that the stock dropped. The fall came after an official filing in which the firm announced plans to sell investment-grade bonds, hoping to raise about $20 billion. The same document showed that SpaceX held around $100.8 billion in cash. By the end of the day, its shares were worth $154.60, giving the company a value of about $2.

The fall came just weeks after a strong start on the stock market. On 12 June, SpaceX first sold its shares to the public and raised nearly $86 billion, the largest amount ever. For a short time, this made Musk the world's first trillionaire. But the company is spending fast. It lost almost $5 billion last year. In the first quarter, it spent $10.1 billion, with AI taking $7.7 billion. Starlink, its satellite-internet business, was its only part that made a profit in 2025.

If the sale happens, SpaceX would join other big tech firms like Alphabet, Amazon and Nvidia that borrow money for AI. Some experts worry about all this borrowing. They say buyers trust Musk, Starlink and future industries more than the company's results today, and warn that hopes have become very high.

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