SpaceX Falls 3% Despite Fitch Holding Rating After $40B GPU Lease; Rocket Lab and AST SpaceMobile Slip 2%

SpaceX Falls 3% Despite Fitch Holding Rating After $40B GPU Lease; Rocket Lab and AST SpaceMobile Slip 2%

SpaceX just locked in a massive GPU lease and earned a clean credit rating, yet the stock is sliding and dragging space peers down with it. The reason reveals how far SpaceX has drifted from its rocket roots.

SpaceX Stock at $145: Back Toward the $135 IPO

SpaceX stock (SPCX) closed Wednesday at $145.23, down 2.25% from $148.58, with an intraday low of $142.13 and volume of 96.9 million shares against a 103.2 million average. That leaves the shares 7.58% above the $135 price at which the June listing was sold, and 35.6% below the $225.64 high set four days after it. Fitch published a commentary that morning cutting its leverage forecast for the company and affirming that a $40 billion equipment le…