SpaceX shares plummet after options launch and $25 billion debt sale

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Summary · why it matters

SpaceX shares continued to decline sharply after options trading began on June 16th, enabling short selling for the first time. The stock, which had surged to $225, fell to a low of $147 as early investors remained locked and no sellers existed in the first four days. Separately, SpaceX raised $25 billion in a debt sale less than two weeks after its IPO, with $90 billion in offers representing nearly four times the amount sought, but the market reacted negatively to the rapid return to capital markets.

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