SpaceX raises $25 billion in debt sale after receiving nearly $90 billion in orders
By
Seema Mody, Lora Kolodny
Summary
SpaceX has raised $25 billion in a debt sale less than two weeks after its record IPO, according to CNBC. The company initially sought to raise $20 billion through a senior unsecured notes offering but upsized the sale by $5 billion after receiving nearly $90 billion worth of orders. Major banks including Bank of America, Citigroup, Goldman Sachs, and JPMorgan are managing the bond sale.
Source
bskySpaceX raises $25 billion in debt sale after receiving nearly $90 billion in orderscnbc.comKey quotes
· 2 pulledSpaceX on Monday announced a senior unsecured notes offering, with sources telling CNBC that the company was looking to raise $20 billion.
As of Tuesday, SpaceX had received nearly $90 billion worth of orders and upsized the sale by $5 billion, according to people familiar with the fundraising who asked not to be named because the details are private.
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