SpaceX is tapping the bond market for the first time, seeking funds for its ambitious AI and next-gen space tech projects, even as it boasts over $100 billion in cash. This move allows capital raising without diluting shareholder control. The announcement comes amid a significant drop in SpaceX shares post-IPO, which nonetheless propelled Elon Musk to trillionaire status. The company’s expansion into AI and Starship development is driving substantial investment. SpaceX is tapping the bond market for the first time, seeking funds for its ambitious AI and next-gen space tech projects, even as it boasts over $100 billion in cash. This move allows capital raising without diluting shareholder control. The announcement comes amid a significant drop in SpaceX shares post-IPO, which nonetheless propelled Elon Musk to trillionaire status. The company’s expansion into AI and Starship development is driving substantial investment.
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From IPO boom to bond debut: Elon Musk’s SpaceX seeks funds for AI and starship
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