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SpaceX market value dips below two trillion
SpaceX's valuation has fallen below two trillion dollars after its stock dropped by 16%, resulting in losses of approximately 600 billion dollars over three days, with its share price declining to less than 150 dollars from an initial offering price of 135 dollars. This decline comes amid heavy selling of the company's stock, as it prepares to issue bonds worth no less than 20 billion dollars to fund its expansion plans. Despite this, the company still expects to deplete its cash reserves by 2029 and is facing growing concerns in the markets about the overvaluation of artificial intelligence companies.
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