Days after its record IPO, SpaceX is raising at least $20bn in its first investment-grade bond sale to fund a huge AI data-centre build-out.

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.

June 22 : Elon Musk's SpaceX turned to the bond market for the first time, capitalizing on a post-IPO momentum that has vaulted its cash reserves past $100 billion as the…

SpaceX is witnessing immense investor interest, with demand reaching approximately $89 billion for its inaugural US bond sale. The company, led by Elon Musk, aims to raise between…