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SpaceX attracts $89 billion of demand for debut bond sale aimed at raising $20 billion to $25 billion

SpaceX has attracted about $89 billion of investor demand for its first U.S. bond sale as it seeks to raise $20 billion to $25 billion in an investment-grade, five-tranche offering, Bloomberg reported. The deal is expected to price on Tuesday and is intended to refinance a $20 billion bridge loan. Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America and Citigroup are managing the sale. The company is also using its broader financing plan to support AI-related acquisitions including xAI and Anysphere.
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