Why SpaceX Stock Is Dropping Again Today
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
