TradingKey – SpaceX’s debt issuance triggers market panic, while the competition for AI talent further exacerbates its decline, raising fears of a drop toward its IPO price.

On June 22, Eastern Time, SpaceX (SPCX) shares plummeted 16.43% to a low of $152.6, nearing its opening price of $150 on its debut trading day. Since its IPO, SpaceX has gone through six trading days, climbing continuously in the first three before embarking on a downward trend that has virtually wiped out all its gains.

During pre-market trading on June 22, SpaceX shares fell about 5% due to the debt issuance. It is reported that SpaceX is preparing its inaugural bond offering, aiming to raise at least $20 billion to repay temporary bridge loans. S&P, Moody’s, and…