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SpaceX turns to bond market to raise capital, reports $100.8 billion cash

SpaceX has launched its first US dollar investment-grade bond sale to raise $20 billion. The company reported a cash balance of $100.8 billion following a historic IPO. Market reaction has been negative, with shares of SPCX dropping significantly.

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What changed

SpaceX has initiated a $20 billion debt sale and disclosed its current cash reserves.

Live updates

  1. SpaceX Debuts $20 Billion Bond Offering After Record IPO

    SpaceX has launched its first US dollar investment-grade bond sale to raise $20 billion. The company reported a cash balance of $100.8 billion following a historic IPO. Market reaction has been negative, with shares of SPCX dropping significantly.

    What's confirmed:

    • SpaceX launched a bond offering to raise $20 billion.
    • The company reported having $100.8 billion in cash.
    • SpaceX recently completed an IPO.
    • This is the company's first US dollar investment-grade bond offering.

    Still unconfirmed:

    • SPCX shares fell 16% in a single day.
    confidence 90%