SpaceX drops 3.5% before the market opens

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Goldman Sachs reports that on June 22, SpaceX (SPCX.US) pre-market fell 3.5% to $178.50. According to Bloomberg, after completing its IPO, SpaceX is rapidly shifting to the bond market to advance its artificial intelligence and orbital data center deployment. The company has begun preparing its first bond issuance, with a scale of at least $20 billion.
Oppenheimer & Co predicted in a research report on June 18 that SpaceX's net debt would rise from approximately $13 billion currently to over $400 billion by 2031, a scale that will surpass nearly all publicly listed companies in the U.S. and be more than three times Oracle's current debt level. Goldman Sachs and Evercore ISI analysts expect that by 2031, SpaceX's capital expenditure will exceed $1 trillion, with most of it invested in AI operations and space data center construction.
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