SpaceX Sells $25 Billion in Bonds, Plans $60 Billion Anysphere Deal After IPO
Updated
Updated · The Motley Fool · Jul 13
SpaceX Sells $25 Billion in Bonds, Plans $60 Billion Anysphere Deal After IPO
1 articles · Updated · The Motley Fool · Jul 13
Summary
$25 billion in bonds sold late in June let SpaceX repay its $20 billion bridge loan, replacing short-term borrowing with debt maturing as far out as 2056.
The financing came less than two weeks after SpaceX's June 12 IPO raised $85.7 billion, prompting scrutiny over why the company did not use more equity proceeds to cut debt.
SpaceX also disclosed plans to buy Anysphere, parent of AI coding tool Cursor, for $60 billion in stock shortly after listing.
That back-to-back debt raise and acquisition has sharpened concerns about disclosure and governance, especially with SpaceX still unprofitable and Elon Musk controlling more than 80% of voting rights.