Keep pulling the thread on Nasdaq 100.
SpaceX's stock fell as much as 30% in a few days following a recent bond offering.
SpaceX lost $400 billion in market capitalization in a single day, marking the second largest one-day loss in stock market history.
The Nasdaq 100 index has declined by approximately 4% this week, shedding over $1 trillion in market capitalization in the last two days.
SpaceX issued a $25 billion bond offering to finance its AI operations.
SpaceX raised $85 billion in equity capital prior to its recent $25 billion debt offering.
Following contracts with Anthropic, Google, and Reflection, the majority of SpaceX's revenue now originates from its NeoCloud business, which provides data center capacity to AI labs.
SpaceX plans to build additional data centers, with some potentially being located in space.
Two top AI researchers left Google because they believe the company is too bureaucratic and that Google DeepMind will not be the organization to achieve superintelligence.
SpaceX is currently trading at a valuation of 100 times its revenue from the previous year.
Research by Aaron Dubé shows that despite wage increases, the number of restaurant jobs per capita has remained virtually unchanged between states that raised their minimum wage and those that did not.
On its first day of trading, SpaceX's stock reached $176 per share, an increase of almost 30%.
SpaceX is scheduled to be officially included in the NASDAQ 100 index in approximately two weeks.