Space Exploration Technologies (SPCX) is continuing to take investors on a roller coaster ride—and I don’t expect it to end any time soon. After launching the biggest initial public offering in stock market history, raising an incredible $85.7 billion, SpaceX rattled the markets this week when it said it needed—you guessed it—even more cash.
SPCX stock sold off fast Monday, dropping 16%, as the company sold off bonds to raise another $25 billion on top of the $85 billion that it raked in during its IPO, according to CNBC. The company now has more than $100 billion in cash.
