The company secured $25 billion in debt financing less than two weeks after its $75 billion IPO amid a 25% drop from its high.
SpaceX completed a $25 billion bond sale, marking its second major capital raise in under two weeks following its $75 billion IPO. The move comes as its stock, SPCX, trades at $158, down 25% from its post-listing high of $225.
The rapid fundraising follows a $75 billion IPO, a scale typically achieved over years by most companies. S&P rated SpaceX investment-grade, citing Starlink’s cash flows, but flagged its AI segment, Grok, as high-risk due to unclear monetization.
Shares have declined nearly 20% over the past five sessions, reflecting investor caution amid aggressive expansion plans.