SpaceX is preparing to enter the corporate bond market for the first time, with plans to issue up to $20 billion in debt.
The Japan Times reports that the aerospace giant is structuring the offering to finance its expanding ambitions in artificial intelligence, marking a significant departure from its historical reliance on equity financing and venture capital.
The decision to issue debt comes as SpaceX reports cash reserves exceeding $100 billion, according to earlier Handelsavisen coverage.
This move represents a pivotal moment for the company’s capital structure.
By tapping the debt markets, SpaceX signals confidence in its future cash flows and creditworthiness, despite the capital-intensive nature of its AI projects.
The issuance will likely be one of the largest corporate bond debuts in recent years, drawing attention from institutional investors seeking exposure to the AI infrastructure theme.
The decision to issue debt comes as SpaceX reports cash reserves exceeding $100 billion, according to earlier Handelsavisen coverage.