SpaceX employees report to work at the SpaceX facility in Hawthorne, California, on June 12, 2026, the day of the company’s IPO in Hawthorne, California.
Mike Blake | Reuters
Less than two weeks after its record IPO, space x has raised $25 billion from a bond sale, CNBC confirmed.
SpaceX on Monday announced a senior unsecured debt offering, and people with knowledge of the matter told CNBC the company aims to raise $20 billion. As of Tuesday, SpaceX had secured orders worth $90 billion, increasing the sale price by $5 billion, said people familiar with the financing, who asked not to be identified because the details are private.
Bloomberg first reported the order numbers.
Banks managing bond sales include Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley.
SpaceX is tapping into the debt market on the heels of its blockbuster IPO that made CEO Elon Musk the world’s first billionaire. The IPO raised nearly $86 billion, including underwriter options, and SpaceX said Monday it now has just over $100 billion in cash.
SpaceX needs significant capital as it seeks to fund development of its massive Starship rocket and expansion of its Starlink satellite internet business, while also paying for a wide range of artificial intelligence efforts, including revamping the Grok model and coding agents.
SpaceX is also pursuing a $60 billion all-stock acquisition of AI coding startup Cursor.
Starlink is SpaceX’s only profitable business. According to its prospectus, SpaceX has accumulated losses of $41.3 billion since its founding in 2002.
The bond sale will be one of the largest in the AI era. At the beginning of this year, oracle Raised $25 billion through bond issuance, AmazonRaised approximately $54 billion, alphabet It resulted in approximately $31.5 billion in bond sales in the United States and Europe.
Attention: As a bottom-up fundamentals manager, you can’t invest in SpaceX yet
