SpaceX makes bond sale days after record IPO, discloses over $100 billion cash pile

CNBC June 22, 2026 3 views

SpaceX launched an inaugural bond sale days after its blockbuster IPO
The proceeds will go toward paying off bridge financing and other general purpose needs.
SpaceX is in the middle of an ambitious artificial intelligence and data center buildout plan.
Shares fell about 8%.
The space and
artificial intelligence company plans to use the proceeds to pay off bridge financing and other general purpose needs.
SpaceX's inaugural bond offering comes days after the company's
blockbuster initial public offering, which minted Elon Musk as the world's first trillionaire. The deal raised nearly $86 billion after underwriters exercised the "greenshoe" allotment.
Late last week, reports
emerged that the company was prepping to meet with investors this week over a bond offering aimed at raising about $20 billion.
The company is looking to fund its sweeping AI plans, which includes eventually building data centers in space.

<small>Source: CNBC</small>

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