SpaceX shares rebounded on Tuesday, ending a three-day decline that erased more than $600 billion from the company's valuation. The stock recovered after briefly falling below its IPO price. At the same time, investor demand for the company's first US bond offering reached about $89 billion.
The rebound came after a sharp slide in the shares over the prior three trading sessions. Market participants noted strong buying interest once the price stabilized.
The bond sale drew widespread attention in the investment-grade market. Demand totaled roughly $89 billion for the debut offering.
This level of interest highlights continued appetite for SpaceX debt among large investors despite recent share-price volatility.
