SpaceX raises $25 billion via bond sale to fund AI expansion

SpaceX has launched a five‑tranche senior unsecured bond offering with maturities of 5, 7, 10, 20 and 30 years, targeting at least $25 billion of proceeds. The capital will support the company’s costly AI initiatives, including data‑center construction, computing hardware and power infrastructure, and will be used to refinance high‑cost debt linked to the 2022 Twitter acquisition and recent financing of xAI.

Investors have placed roughly $85‑90 billion in orders, and the sale is being managed by Bank of America, Citi, JPMorgan Chase, Goldman Sachs and Morgan Stanley. The refinancing is expected to cut annual interest expenses from about $18 billion to $15 billion, and rating agencies have assigned SpaceX an investment‑grade rating for the first time.