SpaceX raises $25 million in debt sale

CryptopolitanJun 24, 2026 1:42 AM

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Elon Musk’s SpaceX has on Tuesday marked the rocket and satellite company’s inaugural bond sale, after it raised at least $25 billion in a senior unsecured notes offering less than two weeks after going public in a record IPO.

As previously reported by Cryptopolitan last week, the debt sale was said to be in preparation and core to providing relief for SpaceX’s capital-intensive AI demands.

Capital raise result of AI demands

The offering will span maturities of 5, 7, 10, 20, and 30 years, according to a document reviewed by Reuters. SpaceX plans to direct the proceeds toward repayments of its bridge loan facility and other corporate purposes, with its artificial intelligence expansion consuming the bulk of the planned investment.

Investor appetite for the debt sale has been overwhelming, with orders reportedly hitting almost $85 billion, more than three times the offering size, according to Reuters. The banks running the debt sale include the Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs, and Morgan Stanley.

SpaceX has taken on a huge interest in creating and building more AI infrastructure. According to the company, this would require tens of billions of dollars to pull up power infrastructure, data centers, chips and other computing hardware. The bond sale is expected to give the company access to cheap long-term capital, and fixed rates are locked in over a 30-year period.

SpaceX credit ratings strengthen stand

Credit rating agencies gave the tech company investment-grade ratings last week, and this has helped to perfectly position the tech company to tap into the institutional bond market at competitive rates. The ratings reflect confidence in the company’s financial position as it takes on substantial new capital expenditure for AI infrastructure.

SpaceX shares saw a slight increase in price on Tuesday after a general tech market selloff occurred earlier in the week. The stock debuted on June 12 in what Reuters described as a blockbuster listing, even though the company has since shed about $400 billion in market value after initial rally saw an expected reverse.

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