SpaceX attracted $89 billion in orders for its first investment-grade bond sale, seeking to raise up to $25 billion to refinance a bridge loan from its IPO.

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…

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.