SpaceX Slide Continues Despite Target Hikes; Rival Wins Mars Mission

SpaceX shares continue to slide on Thursday, despite three analysts raising their price targets. The company is reportedly planning a $20 billion bond sale. In a separate development, Relativity Space has won a NASA Mars mission.

Details of Price Target Hikes

Three analysts from different investment banks raised their price targets for SpaceX stock, though the original report did not disclose names or new figures. This comes amid the ongoing decline in the stock.

$20 Billion Bond Sale

SpaceX is planning a $20 billion bond sale, according to unconfirmed reports. The company has not officially announced details of the issuance or use of proceeds.

Relativity Space Wins Mars Mission

Relativity Space has secured a NASA contract for a Mars mission, marking a significant development in the commercial space sector. Financial details and timeline of the mission have not been disclosed.

What This Means for Investors

These developments highlight continued competition in the space sector, with SpaceX focusing on raising capital via bonds despite a falling stock price, while Relativity Space emerges as a new player. Investors should monitor stock performance and market developments.