SpaceX Slides, Oil Nears the Brink, Intel Lifts Tech

SpaceX slides, oil nears the brink, intel lifts tech describes pressure spreading across SpaceX’s capital structure as markets reprice risk. The company’s shares fell to a fresh low near $111 on Thursday, bringing its market value to about $1.48 trillion and cutting roughly $1.16 trillion from the June peak. That move followed a broader downturn as oil’s rise revived inflation concerns and reopened the possibility of renewed Federal Reserve tightening, pushing long-term borrowing costs higher. SpaceX’s 6.65% senior unsecured bonds due in 2056 dropped from around 97 cents on the dollar to about 87.6 cents, extending the selloff. The notes were part of SpaceX’s $25 billion inaugural debt offering that attracted nearly $89 billion in orders, while shorter-term optimism is now fading. The decline is also framed as a live example for the broader technology and AI sector.