Post successful IPO, SpaceX now to raise capital from bond market

SpaceX prices $25 billion bond deal in first debt sale since IPO

Elon Musk’s SpaceX has on Tuesday marked the rocket and satellite company’s inaugural bond sale, after it raised at least $25 billion in a senior unsecured notes offering less than two weeks after going public in a record IPO. As previously reported by Cryptopolitan last week, the debt sale was said to be in preparation and core to providing relief for SpaceX’s capital-intensive AI demands. Capital raise result of AI demands The offering will sp…

Post successful IPO, SpaceX now to raise capital from bond market

Post its market debut, Elon Musk-led SpaceX has now created another first by turning to the bond market, capitalizing on a post-IPO momentum that has vaulted its cash reserves past USD 100 billion as the rockets-to-AI group ramps up spending on its future projects. SpaceX’s bond market pivot, as per the analysts, also signals the Musk-led company’s push to reshape its balance sheet by replacing short-term bridge financing with longer-dated debt,…