SpaceX kicks off its debut investment-grade bond sale SpaceX has initiated its first sale of investment-grade bonds, seeking to raise at least $20 billion to refinance a substantial bridge loan and fund general corporate purposes. The bond sale, which received strong ratings from major agencies, follows SpaceX’s recent record-breaking IPO and is intended to finance the company’s expansion into artificial intelligence, including building data centers. This move positions SpaceX alongside other major tech companies that are borrowing heavily to invest in AI infrastructure.

• SpaceX is launching its first investment-grade bond sale, aiming to raise at least $20 billion.
• The funds will primarily refinance a large bridge loan and support general corporate needs.
• The bond sale follows SpaceX’s recent record-setting IPO, which briefly made Elon Musk a trillionaire.
• SpaceX plans to use the capital to build data centers, including orbital ones, to support the AI boom.
• The company has secured significant contracts to supply computing power for AI.
• SpaceX’s bond issuance is part of a broader trend of tech companies borrowing heavily for AI investments. Continue reading https://thenextweb.com/news/spacex-debut-investment-grade-bond-sale