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SpaceX launches debt sale to raise capital, reports $100.8 billion in cash

SpaceX has initiated its first US dollar investment-grade bond offering to raise capital. The company reported having approximately $100.8 billion in cash and cash equivalents as of June 19. Proceeds are intended for repaying bridge financing and funding AI infrastructure and rocket development.

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What changed

SpaceX debuted a bond sale and disclosed a cash balance exceeding $100 billion following its IPO.

Live updates

  1. SpaceX Launches First Bond Sale After Record IPO

    SpaceX has initiated its first US dollar investment-grade bond offering to raise capital. The company reported having approximately $100.8 billion in cash and cash equivalents as of June 19. Proceeds are intended for repaying bridge financing and funding AI infrastructure and rocket development.

    What's confirmed:

    • SpaceX launched its first senior unsecured notes offering on Monday.
    • The company reported approximately $100.8 billion in cash and cash equivalents as of June 19.
    • The bond sale follows a recent IPO.
    • SpaceX intends to use the funds to repay bridge financing and support AI infrastructure.

    Still unconfirmed:

    • The bond offering is targeting $20 billion.
    • SpaceX shares sank 9% following the bond sale announcement.
    • Virgin Galactic dropped 11% and Rocket Lab fell 8% during the same period.
    confidence 90%