SpaceX Raises $25 Billion in Debut Bond Sale Amid Nearly $90 Billion in Investor Orders
By
Shiraz Jagati
3h ago· 3 min readenNews
Summary
SpaceX successfully raised $25 billion in its debut corporate bond sale, attracting nearly $90 billion in investor orders — nearly quadrupling its original $20 billion target. The heavily oversubscribed offering, which took place less than two weeks after SpaceX's record-setting IPO, spanned five tranches with various maturities. The funds are intended to support the company's Starlink satellite internet network and Starship development programs.
Source
bskySpaceX Raises $25 Billion in Debut Bond Sale Amid Nearly $90 Billion in Investor Ordersnews.bitcoin.comKey quotes
· 3 pulledSpaceX priced $25 billion of investment-grade notes on June 23, in what ranks as one of the largest debut corporate bond sales on record.
Demand was so strong that orders approached $90 billion, nearly quadrupling the company's original $20 billion target and allowing it to upsize the offering by $5 billion.
The deal spanned five tranches with maturities st
SpaceX raised $25 billion in its first bond sale with orders near $90 billion, days after its record IPO, to fund Starlink and Starship.
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