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SpaceX is said to eye $20B bond sale following landmark IPO (SPCX:NASDAQ)
The deal would refinance a $20 billion bridge loan and help fund SpaceX’s data centers, computing hardware and power infrastructure, sources said.
- On Thursday, SpaceX bankers prepared to meet investors next week to discuss a bond offering of at least $20 billion, marking the company's first investment-grade dollar bond issuance.
- Proceeds from the debt offering will refinance a $20 billion bridging loan SpaceX took out earlier this year, funding Elon Musk's capital-intensive AI infrastructure expansion.
- On June 18, the three major ratings firms granted SpaceX investment-grade bond scores, following its Nasdaq debut last week that pushed market valuation above $2.5 trillion.
- Debt issuance tied to AI has topped $300 billion since November, as SpaceX joins Anthropic and OpenAI in seeking significant capital for 2026 growth.
- Veteran short-seller Jim Chanos warned that massive capital spending on AI could take five to ten years to yield returns, questioning long-term profitability of such investments.
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Banks contracted by SpaceX, Elon Musk, are preparing to hold teleconferences with investors as early as next week to discuss a possible offer of securities after the company's initial public stock offer (IPO) record last week, according to people with knowledge of the subject. It is expected that the securities will be at least $20 billion, and the teleconferences can start on Monday (22), people said, who asked not to be identified because they…
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Coverage Details
Total News Sources11
Leaning Left1Leaning Right4Center1Last UpdatedBias Distribution66% Right
Bias Distribution
- 66% of the sources lean Right
66% Right
L 17%
C 17%
R 66%
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