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.
Trending
- ‘BMC and MLAs next’: Shinde Sena minister Uday Samant hints at ‘many more explosions’ amid Sena (UBT) rebellion
- ‘Foundation for a final deal’: US hits pause on Iranian oil sanctions after nuclear push
- Nitish Reddy ruled out of T20Is against Ireland; unlikely for England series too
- CBSE revaluation miracle: Ranchi student’s score jumps from 95.2% to 500/500 after gaining 24 marks
- Oil prices rebound as US-Iran peace hopes temper Hormuz supply fears
- Petrol bomb hurled at BJP leader’s husband clinic in Punjab
- ‘Romanch’s Law’: NYC bill which seeks to ban horse carriages named after Indian teen
- Stonehenge mystery revealed: A forgotten wooden structure may reveal how ancient Britains first tracked the sun
From IPO boom to bond debut: Elon Musk’s SpaceX seeks funds for AI and starship
By
Add A Comment