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Announced Thu, 18 Jun · 23:03 IST

SpaceX bankers prepare for bond sale of at least $20 billion

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

SpaceX is preparing to issue at least 20 billion dollars in investment-grade US dollar bonds, marking its first foray into the US dollar investment-grade bond market. The proceeds will primarily be used to refinance a significant bridge loan. The bond sale follows SpaceX's record initial public offering and comes as the company expands its focus on artificial intelligence.