Moody's Fitch S&P rate SpaceX investment grade amid share decline
Business
SpaceX just scored investment-grade credit ratings from Moody's, Fitch, and S&P Global Ratings, basically a big thumbs-up for its financial health.
But even with that good news, SpaceX shares dropped almost 4% on Thursday and slid another 1.1% after-hours.
AI spending clouds $2 trillion valuation
So what's up with the dip? A lot of it comes down to investor nerves over how much SpaceX is spending on artificial intelligence.
The company's valuation shot past $2 trillion after its Nasdaq debut last week, but now there are questions about whether all those expensive AI bets (and growing competition) could make it tough to keep that number so high.