SpaceX Tests Bond Market with Planned $25 Billion Debt Issuance

CoinFeed, June 24 – According to Jinshi reports, SpaceX is proceeding with its first-ever bond issuance, aiming to raise $25 billion. The move is intended to gauge fixed-income investors' confidence in Elon Musk's ambitious blueprint for the company's future. The Texas-based rocket manufacturing and artificial intelligence enterprise is ramping up investments to expand its various businesses, and this bond sale is seen as a bellwether for future financing deals. A buy-side source said on Monday, 'Banks are very keen for this deal to deliver good returns and leave a positive impression on investors, because SpaceX may return in the coming years seeking to refinance another $10 billion.' The bonds will have maturities ranging from 5 to 30 years. The issuance comes amid another sell-off in large-cap tech stocks, driven by concerns over high valuations and the prospect of rising interest rates.