SpaceX is preparing to raise at least $20 billion through a bond offering just days after its record-breaking stock market debut, according to Reuters. The move would mark another major financing milestone for Elon Musk's company, which became one of the world's most valuable publicly traded businesses following its Nasdaq listing last week.
According to Reuters, bankers are expected to begin discussions with investors as early as next week regarding the proposed debt sale. The offering would be the first time SpaceX has issued investment-grade dollar bonds. The fundraising effort highlights the scale of investment required as the company expands beyond rockets and satellite services into artificial intelligence.
