SpaceX pivots to a $25B debt raise to fund operations as stock remains volatile
SpaceX priced a $25 billion five-tranche senior notes offering, up from an initial $20 billion target, with yields from about 5.35% to 6.65% as demand reportedly topped $90 billion. Proceeds will pay down a bridge loan and cover fees, with the sale limited to large institutional buyers outside the US. The debt move comes as SpaceX’s post-IPO stock trading remains volatile, trading near its debut level and finishing the session modestly lower, while Elon Musk’s net worth fluctuates with the company’s fortunes.
