SpaceX Raises $105 Billion Through IPO and Bond Sale Amid High Capital Needs
SpaceX raised $75 billion in its initial public offering (IPO) on June 12, with an additional $8.7 billion from the overallotment option, followed by a $25 billion bond sale just days later despite already holding $100 billion in cash. The company remains unprofitable due to losses in its rocket and AI divisions, though Starlink is profitable.
Topics: bond_issue capital_expenditure cash_balance IPO