EspaceX announced Monday senior unsecured notes offered and disclosed approximately $100.8 billion in cash.
SpaceX shares fell 11% and headed toward a third in a row losing session.
space and artificial intelligence the company plans to use the proceeds to repay bridge financing and other general purposes.
SpaceX’s inaugural bond offering comes days after the company’s. successful IPOwho hit Elon Musk as the world’s first billionaire. The operation raised nearly $86 billion after subscribers exercised their rights. “green sauce” subdivision.
Shares have surged since the company’s June 12 IPO, sending SpaceX’s market value soaring. briefly passed Amazon. The company has already taken a leap forward Broadcom, Metaplatforms and that of Musk Tesla.
Late last week, reports emerged that the company was prepares to meet investors this week about bond offering aiming to raise around $20 billion.
The company is looking to fund its massive AI projects, which eventually include building data centers in space.