SpaceX makes bond sale days after record IPO, discloses over $100 billion cash pile
The company is tapping debt markets after its $75 billion IPO, with investors eyeing a refinancing plan and expansion spending tied to AI.
- SpaceX received a low MSCI ESG rating just before its record public debut, scoring 3.2 out of 10 on governance metrics and receiving an "orange flag" for severe ongoing controversies.
- During the company's record public debut, SpaceX raised $75 billion and closed its first day of trading up more than 19%, despite the poor ESG rating.
- Critics questioned SpaceX's share structure, limited shareholder rights, and insider control, while the company scored one out of 10 in MSCI's controversies category.
- SpaceX stock fell 1.84% in overnight trading last Thursday, following a 3.56% decline during the regular session as investors weighed governance concerns.
- Musk has long criticized ESG ratings, calling the framework a "scam" that had been "weaponized by phony social justice warriors" after TSLA was removed from the ESG Index in 2022.
47 Articles
47 Articles
SpaceX shares drop more than 14% after rocket company discloses it may take on billions in debt
After a blockbuster initial public offering earlier this month, SpaceX on Monday revealed in a regulatory filing that it plans to sell investment-grade bonds. The bond offering would aim to raise about $20 billion, according to reports, and could help bankroll costly AI development and longer term goals like building data centers in space.
After the strong launch of the stock exchange, the title of the US space company SpaceX loses more than ten percent on the third day in a row. This significantly slows down the initial euphoria after the IPO.
SpaceX, the rocket, satellite and artificial intelligence conglomerate (IA) of tycoon Elon Musk, plummeted above 10% on the Stock Exchange and aimed to close the day with a fall in the price of its shares for the third time in a row, a few days after its debut in the US stock market. The price of the securities was 165.65 dollars, representing a decrease of 10.46%, compared to 185 dollars in which the last session closed. Overall, the accumulate…
Shares of SpaceX, entrepreneur Elon Musk's aerospace company, fell sharply again on Monday, for the third day in a row. Around 6 p.m. Belgian time on Monday, they stood more than 10 percent lower at approximately 166 dollars.
Elon Musk's space share sets off a spectacular start. The IPO reveals two behaviors that gain influence in the markets, Ulf Sommer describes.
Musk Furious After SpaceX Stock Get Worst Possible Environmental Grade
After a brief pop its blockbuster IPO earlier this month, shares of Elon Musk’s SpaceX are starting to drop out of the sky: shares have plummeted back down to around $167 by Monday morning, wiping out all their gains from last week. The initial warning signs were certainly there. As the Financial Times revealed over the weekend, SpaceX received a brutal report card one day ahead of its IPO from global index provider MSCI. The firm issues Environ…
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