SpaceX Eyes $20 Billion Bond Sale for AI Buildout and Loan Refinancing
Updated
Updated · Reuters · Jun 18
SpaceX Eyes $20 Billion Bond Sale for AI Buildout and Loan Refinancing
3 articles · Updated · Reuters · Jun 18
Summary
$20 billion or more in investment-grade dollar bonds could be pitched to investors as early as next week, marking SpaceX's first such bond sale.
The proceeds would fund a costly AI expansion and refinance the $20 billion bridge loan SpaceX took on after buying xAI in February.
Bank of America, Citigroup, JPMorgan, Goldman Sachs and Morgan Stanley provided that bridge financing and are expected to run the bond deal.
SpaceX's valuation topped $2 trillion after last week's Nasdaq debut, but its shares were down 6% Thursday as investors weighed the price of its AI push.