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SpaceX market value falls below two trillion
The market value of SpaceX has fallen below two trillion dollars after its stock dropped below $150, a price at which it was last traded about two weeks ago. This decline has resulted in a loss of more than $600 billion in market value over three trading sessions. This downturn comes as the company prepares to issue investment-grade bonds for the first time, aiming to raise approximately $20 billion to fund its plans in artificial intelligence, amid concerns that valuations may be overstated and investments overextended. Despite the recent losses, the company's shares are still about 10% higher than the initial offering price, and some financial institutions project a target value of $170 per share.
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