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SpaceX shares fell 16.4 percent on June 22, 2026, the worst single-day drop since the company's June 12 IPO, after SpaceX confirmed a $20 billion inaugural bond offering to repay bridge loans taken for its xAI acquisition. The news revealed that much of SpaceX's $85.7 billion IPO proceeds had already been committed to debt repayment, shocking investors.

World · Jun 23 · L1-L4