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The Economic Times
The Economic Times
Business

US stocks: SpaceX launches debt sale to raise capital, reports $100.8 billion in cash

Elon Musk's SpaceX launched its first-ever notes offering on Monday and said it had about $100.8 billion in cash and cash equivalents as of June 19, days after its blockbuster U.S. stock market IPO.

The rockets-to-AI company debuted ‌on the ⁠Nasdaq ⁠on June 12 after raising $85.7 billion from its initial public offering, making it one of the world's most valuable firms.

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