Elon Musk's SpaceX has turned to the bond market for the first time, days after its record-breaking stock market debut, as the company seeks fresh funding to support its growing investments in artificial intelligence and next-generation space technology.

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…