SpaceX Borrows $25 Billion to Refinance Debt and Fund AI Infrastructure
SpaceX has issued a $25 billion bond offering, its first-ever investment-grade dollar bond issuance. The funds will be used primarily to refinance an existing $20 billion bridge loan from March when it acquired Elon Musk's X and xAI in an all-stock deal that brought on $17.5 billion of debt. Institutional demand was strong but investors required a significant premium over Treasuries, signaling concerns about SpaceX’s ability to service its growing debt load.
Tickers: $SPCX
Topics: AI investment debt issuance IPO SpaceX