SpaceX experienced a significant 16% stock drop following the announcement of its first-ever investment-grade bond offering. This decline erased approximately US$600 billion from the company’s market value over three consecutive days. The bond issue is intended to finance the company’s ambitious expansion into artificial intelligence development. Investors reacted negatively to the news, potentially due to concerns about increased debt or the financial implications of the AI venture. The borrowing spree signals a substantial investment in AI, marking a strategic shift for the space exploration company. This downturn represents a considerable loss for SpaceX and reflects market apprehension regarding its future financial strategy. The company has not yet commented on the reasons behind the market reaction.