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 launched its first-ever notes offering on Monday and said it had about $100.8 billion in cash and cash equivalents as of June 19, days after its…