SPCX cooled for a second straight session as price action turned lower, Reuters reported a potential twenty billion dollar bond deal, and analysts split on valuation.
SPCX cooled for a second straight session. In this one-minute briefing: the June 18 close, Musk's latest Starlink line, the potential twenty billion dollar bond deal, and the split between profit-taking calls and bullish targets.
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SPCX opened at 188.39, traded as low as 172.11, and closed at 183.04, down 4.6% on 115.8 million shares, with market value near 2.53 trillion dollars.
Elon Musk posted that Starlink provides backup connectivity to cell towers, keeping phones working when users need them most.
Reuters reported that bankers are preparing investor talks for a potential bond offering of at least twenty billion dollars.
Reaction stayed split: IPOX Schuster called profit-taking unsurprising, Oppenheimer lifted its target to 250 dollars, and Man Group framed the stock as more of an Elon Musk bet than an AI story.
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