SpaceX has raised $25 billion through its first major debt offering as a public company, less than two weeks after completing a historic initial public offering (IPO) that attracted global investors attention.
The Elon Musk-led space company priced the bond deal after receiving strong investor demand, expanding the offering beyond its initial target.
The five-part bond sale reportedly attracted about $89 billion in orders from investors, making it one of the largest investment-grade debt offerings in the market this year.
The proceeds will mainly be used to repay a $20 billion bridge loan and support SpaceX’s broader expansion plans, including artificial intelligence infrastructure, computing projects, and next-generation space technology development.
The move comes shortly after SpaceX’s record-setting IPO, which raised about $85.7 billion and pushed the company’s valuation into the multi-trillion-dollar range.
