SpaceX makes bond sale days after record IPO, discloses over $100 billion cash pile

SpaceX turns to bond market to raise capital, reports $100.8 billion cash

SpaceX tapped bonds post-IPO ($85.7B June) to fund AI compute and Starship with $100B+ cash. Debt preserves Musk's 82% control while backing costly GPU infrastructure (Reflection $6.3B)—how founders scale AI-hungry operations without equity dilution.