US stocks: SpaceX draws $89 billion demand for debut high-grade bond sale

SpaceX is seeking to raise between $20 billion and $25 billion through a five-tranche debut high-grade bond offering, with investor demand reaching $89 billion. Proceeds will refinance a temporary bridge loan and fund other corporate expenses, with Bank of America, Citigroup, Goldman Sachs, JPMorgan, and Morgan Stanley managing the deal. The oversubscription, exceeding four times the deal size at the lower range, signals strong debt investor confidence in Elon Musk's ventures despite projected significant cash burn over the next few years.