TradingKey – SpaceX plans to raise $20 billion in its first bond issuance; market concerns over its cash burn rate trigger a three-session stock decline.

During pre-market trading on June 22, Eastern Time, impacted by the bond issuance news, Elon Musk’s space company SpaceX (SPCX) shares continued to fall by 5.01%, dropping below the $180 threshold to trade at $175.73. SpaceX stock chart, Source: TradingView

After listing at an IPO price of $135 on June 12, 2026, SPCX’s stock price once surged to an all-time high of $225.64 on June 16, with its total market capitalization briefly surpassing the $2.7 trillion mark. However, the good times did not last, and the stock subsequently suffered a three-day losing streak. As of pre-market on June…