SpaceX announced plans to raise $20 billion through its first investment-grade bond offering. The bond deal, announced on June 18, 2026, is designed to refinance an existing bridge loan and fund the company’s expanding AI infrastructure ambitions. SpaceX’s recent filings also reveal the company holds 18,712 BTC, valued at approximately $1.29 billion as of March 31, 2026.
The IPO that broke records
SpaceX priced its shares at $135 on June 12, 2026, raising $75 billion in what instantly became the biggest initial public offering ever. For context, Saudi Aramco’s 2019 IPO raised $25.6 billion, which held the record for years. SpaceX nearly tripled that figure in a single listing.
SpaceX’s valuation briefly exceeded $2 trillion after shares began trading, up from an initial valuation of around $1.75 trillion. With the ink barely dry on the IPO paperwork, SpaceX is going back to capital markets for another $20 billion. The proceeds will be directed toward capital-intensive AI expansion, including data centers and specialized hardware. This follows SpaceX’s acquisition of xAI, Musk’s artificial intelligence venture, which has effectively transformed the aerospace company into a hybrid space-and-AI conglomerate.
