SpaceX plots $20bn bond deal after record IPO

SpaceX is planning a $20 billion bond offering, according to sources familiar with the matter cited by Reuters on June 10, 2024. This move into debt markets follows the company's recent stock market debut, which reportedly valued it at $86 billion. The bond sale aims to raise significant capital, though the specific use of these funds has not been disclosed. SpaceX, a company co-founded by Elon Musk, has been a prominent player in both the artificial intelligence and aerospace industries. The potential bond issuance represents a substantial financial undertaking for the private company, signaling its aggressive growth and investment strategies. This debt financing could support ongoing projects, research and development, or future expansion initiatives within SpaceX's diverse portfolio.