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Updated 27d ago
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SpaceX stock slips as it announces $25 billion bond offering
SpaceX raised $25 billion through its first high-grade bond offering, upsizing the sale from an initial $20 billion. The debt sale drew nearly $90 billion in demand. The company's stock price has declined following the announcement.
What changed
SpaceX has finalized its debut bond offering after seeing significant investor demand.
Live updates
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SpaceX Completes $25 Billion Debut Bond Sale Following IPO
confidence 90%SpaceX raised $25 billion through its first high-grade bond offering, upsizing the sale from an initial $20 billion. The debt sale drew nearly $90 billion in demand. The company's stock price has declined following the announcement.
What's confirmed:
- SpaceX raised $25 billion in its debut bond sale.
- The bond offering was upsized from $20 billion to $25 billion.
- Demand for the bond sale reached nearly $90 billion.
- The debt sale occurred less than two weeks after the company's IPO.
- SpaceX stock price declined after the bond offering announcement.
Still unconfirmed:
- SpaceX stock has fallen 22% from its peak.
- SpaceX stock has dropped 25% from its high.
- SpaceX stock slipped to $152.
- The company's IPO was valued at $86 billion.