SpaceX Eyes $20B Bond Sale to Cover xAI Merger Bridge Loan
SpaceX plans to hit debt markets next week, raising $20B to repay the bridge loan from its xAI merger.
SpaceX is gearing up to raise $20 billion through a bond sale that could launch as soon as next week. The goal: pay back a $20 billion bridge loan the company took on following its merger with Elon Musk's AI venture xAI.
The move comes after SpaceX already tapped equity markets in a massive $86 billion stock market debut. Now the combined AI-and-rockets empire is turning to debt markets to clean up the financing from that deal.
It's a staggering amount of corporate debt by any measure. The bond sale would effectively swap short-term bridge financing for longer-term obligations, giving SpaceX more breathing room as it integrates xAI's operations.
Between the IPO haul and this planned bond offering, SpaceX is pulling in north of $100 billion in capital — a war chest that dwarfs most companies on Earth.