tech
SpaceX raises $25 billion in debt sale less than two weeks after IPO
SpaceX raised $25 billion in a debt sale, after seeing nearly $90 billion worth of orders, sources say.
TL;DR
- SpaceX raised $25 billion in a debt sale with nearly $90 billion in orders.
- The company intends to use the proceeds to repay a bridge loan, cover fees, and for general corporate purposes.
- This debt sale follows a record IPO and comes as SpaceX focuses on Starship development, Starlink expansion, and AI initiatives.
- The bond sale is one of the largest in the AI era, with notes due between 2031 and 2056.
- Starlink is the only profitable part of SpaceX's business; the company has accumulated over $41 billion in losses since its founding.