SpaceX stock sheds 17% in first week of trade

SpaceX (SPCX) closed out its first full week as a public company on a down note, with shares on sheddding 17.2% — extending a rough debut for one of the most highly anticipated IPOs.

The slide dragged SpaceX's market capitalization back toward $2 trillion, down from a peak above the $2.5 trillion reached in its first days of trading. At current levels, the stock is flirting with its $135 IPO price and has slipped beneath the $150 mark, where it opened — a psychologically important line, and a sign SpaceX is following other blockbuster debuts that eventually sank below their offer price.

What does SpaceX's $25 billion bond sale indicate?

What concerns exist about SpaceX's dual fundraising approach?

How might Starlink mobile service impact SpaceX's revenue?

On Tuesday, SpaceX priced a $25 billion bond sale that drew nearly $90 billion in orders — demand so heavy the company upsized the deal from an initial $20 billion target. On its face, that kind of appetite is a vote of confidence, but the question for investors is why a company that just raised a fortune in its IPO needed to turn around and borrow billions more.

Read more: Own SpaceX stock? Here's what to do next.

Now, Blo

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/article/spacex-stock-sheds-17-in-first-week-of-trade-145647941.html)