{"id":31372,"date":"2026-10-10T13:13:42","date_gmt":"2026-10-10T13:13:42","guid":{"rendered":"https:\/\/pettysackingforum.com\/?p=31372"},"modified":"2026-10-10T13:13:42","modified_gmt":"2026-10-10T13:13:42","slug":"why-spacex-stock-is-down-around-1-5-today","status":"publish","type":"post","link":"https:\/\/pettysackingforum.com\/?p=31372","title":{"rendered":"Why SpaceX stock is down around 1.5% today?"},"content":{"rendered":"
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SpaceX SPCX shares look set to end a three-day winning streak Wednesday, falling around 1.6% in early trading as a broader market sell-off weighed on equities.<\/p>\n

At the time of writing, SpaceX was trading at $169.05, down around 1.6% from its previous close. <\/p>\n

All three major US stock indexes were also in the red early Wednesday as rising Treasury yields intensified pressure across markets.<\/p>\n

The decline came after a strong run for the stock<\/a>. SpaceX shares rose 7.35% on Friday and gained another 7.63% on Monday. <\/p>\n

The stock advanced about 2% in early trading Tuesday before ending the session 0.49% higher.<\/p>\n

Bond rout putting equities under pressure<\/h2>\n

SpaceX shares slipped Wednesday as investors faced another sharp sell-off in the bond market.<\/p>\n

The 10-year Treasury yield climbed to a 24-year high, while the 30-year yield also remained near multi-decade highs. <\/p>\n

The benchmark 10-year Treasury yield rose to 5.36%, while the 30-year Treasury<\/a> yield climbed around 7 basis points to 5.73%.<\/p>\n

Higher long-term yields can weigh on risk assets as investors reassess borrowing costs and valuations.<\/p>\n

The decline also followed three consecutive sessions of gains, leaving room for a modest correction after the stock’s recent advance.<\/p>\n

SpaceX’s plans to raise new debt may have added another factor for investors to consider.<\/p>\n

The $40 billion debt plan<\/h2>\n

The space and artificial intelligence company is looking to raise about $40 billion in new debt<\/a>, with the proceeds intended to finance purchases of Nvidia chips for its data centers, as per the Financial Times.<\/p>\n

The proposed financing package would include about $10 billion in bank loans and $30 billion of investment-grade debt, led by Apollo Global Management. <\/p>\n

The transaction is expected to close in 2027.<\/p>\n

The planned borrowing would come after a substantial increase in SpaceX’s existing debt load. <\/p>\n

According to its latest quarterly filing, the company had $38.4 billion of debt and $1.1 billion in finance-lease liabilities as of June 30.<\/p>\n

SpaceX also held roughly $100 billion in cash and marketable securities at the time.<\/p>\n

The combination of a sharp rise in SpaceX shares over the previous three sessions, renewed pressure from the bond market and plans for a sizable new debt package came together Wednesday to halt the upward movement.<\/p>\n

What had fuelled the recent rally?<\/h2>\n

After an incredible stock market debut in June, which took the stock as high as $225, SpaceX spent the next few months below the $150 mark. <\/p>\n

That barrier was broken last Friday thanks to multiple operational successes.<\/p>\n

Last week, SpaceX completed a full orbital test of Starship and deployed all 26 Starlink V3 satellites even though an engine outage during ascent threatened to derail plans.<\/p>\n

The company also launched four astronauts into the International Space Station in less than eight hours and helped Google deploy its Project Suncatcher in orbit.<\/p>\n

The bullish sentiment was further boosted by Morgan Stanley commentary on Monday. <\/p>\n

Analyst Adam Jonas reiterated an “Overweight” rating and maintained a $300 price target, citing future potential of the company.<\/p>\n

Helping the sentiment further, Goldman Sachs raised the stock’s 12-month price target to $230 from $220 while maintaining a “Buy” rating. <\/p>\n

Expansion of its artificial intelligence business and its growing defense business also acted as catalysts.<\/p>\n

The post Why SpaceX stock is down around 1.5% today?<\/a> appeared first on Invezz<\/a><\/p>\n

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SpaceX SPCX shares look set to end a three-day winning streak Wednesday, falling around 1.6% in early trading as a broader market sell-off weighed on equities. At the time of writing, SpaceX was trading at $169.05, down around 1.6% from its previous close. All three major US stock indexes were also in the red early […]<\/p>\n","protected":false},"author":1,"featured_media":31373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[],"class_list":["post-31372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-news"],"_links":{"self":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31372"}],"version-history":[{"count":0,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/media\/31373"}],"wp:attachment":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}