SpaceX Raises $25 Billion in Debut Bond Sale, Orders Reach $90 Billion on June 23

According to Bloomberg, SpaceX raised $25 billion in investment-grade bonds on June 23, with orders reaching nearly $90 billion. The overwhelming demand allowed the company to upsize the offering by $5 billion above its original $20 billion target. The debt spans five tranches maturing from 2031 to 2056. SpaceX will use the proceeds to repay a bridge loan facility in full, with remainder allocated to general corporate purposes including expansion of Starlink satellite internet, development of its Starship rocket program, and artificial intelligence initiatives.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments