Peter Schiff: The Decline in SpaceX Stock Signals Risks for AI and Crypto Assets

According to TheStreet, economist Peter Schiff stated that the decline in SpaceX's stock price signals increased risk for highly valued AI stocks and crypto assets. On July 22, SpaceX stock closed at $115.26, down approximately 49% from its historical peak and below the $135 offering price in June when institutional investors subscribed. Peter Schiff posted on X, saying SpaceX's drop indicates future trends. In addition, SpaceX issued $25 billion worth of bonds in June, with yields on the bonds maturing in 2056 rising to a record 7.6% this week.