SpaceX shares have pulled back 3-6% from post-IPO highs as the company prepares a $20 billion bond sale to refinance its xAI acquisition bridge loan.

SpaceX plans a $20 billion bond deal days after its record $75 billion IPO, while filings reveal 18,712 BTC worth $1.29 billion on the company's balance

The AI and rocket group is tapping debt markets after raising $US86 billion in its stock market debut.

SpaceX shares fell more than 6% as the rally after the largest IPO in history cooled, though the stock held above its $135 offering price.

SpaceX is seeking at least $20 billion in investment-grade bond debt less than two weeks after its record $75B IPO. Most proceeds will refinance a $20B bridge loan used for Elon…

SpaceX shares have pulled back 3-6% from post-IPO highs as the company prepares a $20 billion bond sale to refinance its xAI acquisition bridge loan.

US company's shares have jumped nearly 40% from the June 12 IPO price of $135

SpaceX on Monday unveiled a senior unsecured notes offering and said it held about $100.8 billion in cash.

SpaceX shares jumped 19 per cent in their Nasdaq debut on June 12, when it raised more than $75 billion in a record offering.