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SpaceX shares fall amid news of chip debt sale and warnings of political investigation

Stocktwits +2 · ·by G4L

APO Apollo Global Management Inc
$116.75 -0.44%
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  1. 1Goldman Sachs and Apollo Global Management sought buyers for a portion of SpaceX's $40 billion chip debt.
  2. 2SpaceX shares fell 4% on Wednesday to $135.92.
  3. 3U.S. Senator Ted Cruz warned that Democrats could use congressional subpoenas to target Elon Musk.

So what's the key point?

SpaceX is looking for someone to buy some of its debt to raise funds. The stock price fell 4% along with warnings of political investigations.

Source Stocktwits +2 · View original ↗

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