Wealth Awakening
SpaceX Drops 16%: Three-Day Slide, $400B Wiped, The Truth Behind the $20B Bond
On 6/22/2026 SpaceX (SPCX) plunged 16.43%, the third straight down day, with cumulative drawdown above 23% and a single-day market-cap wipe of about $400B. The company announced its first investment-grade bond of at least $20B, with filings disclosing roughly $100.8B cash. Why issue bonds with a hundred billion in cash? Because AI burns $2 for every $1 earned, and Oppenheimer forecasts net debt will rise by $400B by 2031. Debt becomes the primary funding source. Four concrete takeaways for Taiwan investors.