SpaceX Plans Major Bond Sale Following Record IPO SpaceX is moving rapidly from a blockbuster stock debut into one of the largest corporate bond financings ever attempted, testing how far investor appetite will stretch for Elon Musk’s mix of rockets and artificial intelligence.

In mid-June, SpaceX’s record-setting IPO valued the company at about $86 billion and raised roughly $75–86 billion in stock, briefly lifting its market value above Amazon and turning Musk into the world’s first paper trillionaire. Barely a week later, the company “kicked off its first sale of investment-grade bonds,” seeking at least $20 billion, with maturities of five to 30 years and most of the proceeds earmarked to refinance a similarly sized bridge loan that forms the bulk of its $29.1 billion in long-term debt.

As details emerged, the offering swelled. Initial reports framed the deal as a $20 billion bond plan following the “record IPO,” highlighting SpaceX’s aggressive push to tap debt markets for its AI and rocket ambitions. Subsequent coverage described how bankers, enticed by strong demand, were able to “upsize” the transaction into a $25 billion bond deal pitched with “juicy yields” to lure investors.

Credit markets have so far welcomed the move. All three major rating agencies assigned investment‑grade scores, with Moody’s at Baa1, Fitch at BBB+, and S&P one notch lower at BBB, “comfortably in investment‑grade territory.” Musk amplified the positive signal by reposting a summary that “Fitch gave SpaceX a BBB+ rating, which means its debt is seen as reasonably safe for big investors,” noting that all three agencies now rate the company as investment grade.

For some institutional buyers, those ratings are more than symbolic: one analysis of the deal noted that a “solid rating can act as permission to buy; the lack of one can put a security off limits,” underscoring how SpaceX is “testing its reality-warping powers on the bond market.” At the same time, Musk has leaned into SpaceX’s brand appeal, resharing a fan’s claim that the company “has possibly the best aesthetics of any company in the world,” reinforcing the blend of hype and hard numbers driving one of the market’s most closely watched financings.

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