Key facts
- SpaceX shares have fallen 32% from their peak since the IPO.
- The IPO occurred two weeks ago.
- Elon Musk's valuation has been impacted by the share price decline.
- Many retail traders remain optimistic about SpaceX's long-term prospects.
- Credit-default swaps linked to SpaceX have begun trading.
- The trading of credit-default swaps follows SpaceX's first high-grade bond sale.
- SpaceX raised $25 billion in its debut bond sale.
- Credit-default swaps allow investors to hedge against losses or speculate on creditworthiness.
SpaceX shares have experienced a significant decline, dropping 32% from their peak value since the company's initial public offering (IPO) two weeks ago. This volatility has directly impacted Elon Musk's personal valuation. Despite the recent downturn, a notable segment of retail traders continues to express optimism regarding SpaceX's long-term prospects and potential for future growth.