SpaceX plans to raise at least $20 billion through its first investment-grade bond sale.
Most of the bond proceeds will go toward refinancing the loan used to finance the xAI acquisition in February.
This move comes after SpaceX’s record $75 billion IPO, although its shares have since dropped.
SpaceX is heading back to Wall Street for another $20 billion, less than two weeks after its record-setting IPO on June 12.
According to Bloomberg, bankers may start reaching out to investors as early as June 22 to measure interest in the company’s first investment-grade dollar bond. The total amount could still change before the deal is finalised.
