SpaceX slides as AI spending worries overshadow early returns

Alphabet Inc. has begun marketing a US investment-grade bond offering to gauge investor interest. This move follows a period where Alphabet raised its 2026 spending forecast, which contributed to a selloff in AI-related debt. Simultaneously, SpaceX has experienced a decline as concerns regarding AI spending outweigh early returns. Both companies are navigating a market environment where high expenditures on AI infrastructure are creating volatility and apprehension among investors regarding the timing of financial returns.