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Fresh off a blockbuster IPO, SpaceX (SPCX) is already lining up its next big move. That’s not unusual. Companies that make splashy market debuts often head back to investors soon after, using debt sales to refinance short-term loans and raise fresh capital for their next growth phase. And when that growth story involves artificial intelligence (AI), the need for funding can get pretty big, pretty fast.
After SpaceX’s record-setting $75 billion IPO vaulted the company into the ranks of the world’s most valuable public corporations and underscored investors’ appetite for AI-related businesses, Elon Musk’s rocket, satellite, and AI giant is reportedly preparing a bond offering that could exceed $20 billion. It launched its first investment-grade bond offering, announcing an inaugural offering of senior unsecured notes in an SEC filing.
