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SpaceX launches notes offering, discloses $100.8 billion cash balance

SpaceX has initiated its first offering of senior unsecured notes to raise capital. The company reported a cash balance of approximately $100.8 billion. This move follows the company's recent initial public offering.

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What changed

SpaceX disclosed a $100.8 billion cash balance and debuted a bond offering.

Live updates

  1. SpaceX Launches First Bond Sale Following Record IPO

    SpaceX has initiated its first offering of senior unsecured notes to raise capital. The company reported a cash balance of approximately $100.8 billion. This move follows the company's recent initial public offering.

    What's confirmed:

    • SpaceX launched an offering of senior unsecured notes on Monday.
    • The company disclosed a cash balance of approximately $100.8 billion.
    • SpaceX turned to the bond market for the first time.

    Still unconfirmed:

    • The bond sale aims to raise $20 billion.
    • SpaceX shares fell 9% due to the bond sale.
    • Virgin Galactic shares dropped 11% and Rocket Lab shares fell 8%.
    confidence 90%