SpaceX raises $250 B in bonds as Korean broker blames email error for missing IPO allocation

SpaceX launched a $250 billion unsecured senior note offering, the largest AI‑related bond ever issued, and received roughly $900 billion in orders, leading to an oversubscription of more than three times. The five‑tranche series, maturing between 2031 and 2056 with coupons ranging from 5.35% to 6.65%, is intended to repay bridge loans, cover fees and fund Starship, Starlink and AI‑compute projects. Analysts note that the massive debt raise has pressured the stock, which fell over 13% in a week, and warn that bondholders share the same operational risks as shareholders.

Separately, Korea’s largest brokerage, Mirae Asset Securities, failed to secure any allocation in the SpaceX IPO after a misinterpreted email during the book‑building phase. The firm apologized to thousands of retail clients and is under investigation by South Korea’s Financial Supervisory Service. While other Korean investors such as the National Pension Service obtained allocations, Mirae Asset’s error highlighted communication gaps in the IPO process.