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Why SpaceX Stock Is Dropping Again Today

TheMotleyFool

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Why SpaceX Stock Is Dropping Again Today: https://g.foolcdn.com/editorial/images/875583/spacecraft-in-orbit.jpg

Shares of Space Exploration Technologies (NASDAQ: SPCX) continued to plunge today, and it wasn't just because the early hype is wearing off. The stock was down 9% as of 11:34 a.m. ET, and heading for what would be its third consecutive losing session.

Investors sold the stock early after the company announced its first bond sale as a public company. Shares bounced off the morning low, though, after SpaceX's AI segment announced a deal to sell compute capacity to open-source AI start-up ReflectionAI.

Source Fool.com

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