SpaceX’s IPO Bubble Burst

SpaceX’s record-breaking $85 billion IPO sent shockwaves through markets, briefly making it worth more than Amazon and Microsoft — but the party crashed fast. Stock prices nosedived, erasing hundreds of billions in value, fueled by surprise news of its first-ever bond sale to raise $20 billion. With massive cash reserves but mounting debt — including from acquiring xAI — analysts warn the company’s valuation is sky-high for a non-profitable firm. Even after the plunge, SpaceX still trades at extreme multiples. The future? Index funds may buy in, but soon insiders will be able to sell, and years of negative cash flow could keep investors on edge. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bbc37317b6ccbb94