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On this episode of Stock Movers:
- SpaceX (SPCX) shares slipped for a third straight day after the Elon Musk-led company said it is selling investment-grade bonds for the first time, part of what’s expected to be a massive borrowing spree to fund its artificial-intelligence ambitions.The stock fell as much as 10% Monday morning in New York. The drop follows a retreat of more than 8% over Wednesday and Thursday, before the US market closed Friday for the Juneteenth federal holiday.
- Lucid (LCID) Group shares decline 1.1% in premarket trading Monday as the electric vehicle firm cut its US workforce by around 18%, including full-time employees, contractors and hourly production workers, and eliminated its Chief Operating Officer position.
- Getty Images (GETY) shares soar as much as 136% on Monday, the most intraday since July 2022, as the company announced a display partnership With OpenAI. Under the partnership, Getty Images’ licensed content libraries will appear across OpenAI search and discovery experiences within ChatGPT, according to a statement.
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