SpaceX launches $25 billion notes offering for debt repay…

On June 23, 2026, SpaceX announced a five-tranche notes offering to raise at least $25 billion to fund its AI expansion. This offering, the company's first investment-grade dollar bond issuance, aims to cover costs for data centers, computing hardware, and power infrastructure. The senior unsecured notes will have tenors of 5, 7, 10, 20, and 30 years, with proceeds also designated to repay borrowings and for general corporate purposes. The offering has attracted approximately $85 billion in orders. Major banks such as Bank of America, Citigroup, and Goldman Sachs are managing the sale. Credit rating agencies recently assigned investment-grade ratings to SpaceX, reflecting confidence in its financial stability amid high investment requirements for AI development.

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A general view of a SpaceX building on the day of the company’s initial public offering (IPO), in Starbase, Texas, U.S., June 12, 2026. REUTERS/Gabriel V. Cardenas Purchase Licensing Rights, opens new tab

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June 23 (Reuters) - Elon Musk's SpaceX (SPCX.O), opens new tab said on Tuesday it has launched a five-tranche notes offering to raise at ‌least $25 billion, as the newly public company seeks funding for its capital-intensive AI expansion.

SpaceX's AI ambitions carry a hefty price tag, requiring tens of billions of dollars in investment in data centers, ⁠computing hardware and power infrastructure.

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The senior unsecured notes will be issued across 5-year, 7-year, 10-year, 20-year, 30-year tenors. Proceeds will be used to repay borrowings under its bridge loan facility as well as for general corporate purposes.

The offering, which is SpaceX's first investment-grade dollar bond issuance, has drawn nearly $85 billion in orders, ‌a ⁠source familiar with the matter told Reuters.

Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs and Morgan Stanley are managing the sale, according to a document seen by Reuters.

Credit ⁠rating agencies assigned the company investment-grade ratings last week, signaling confidence in SpaceX's financial stability as it moves forward with its ⁠costly AI plans.

The rockets-to-AI firm's shares rebounded on Tuesday, following a recent selloff tied to a broader ⁠tech pullback, after a blockbuster debut on June 12.

Reporting by Nupur Anand in New York and Juby Babu in Mexico City; Editing by Vijay Kishore

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Nupur Anand

Thomson Reuters

Nupur Anand is a U.S. banking correspondent at Reuters in New York. She focuses on JPMorgan Chase, Wells Fargo and regional banks. Anand covered banking and finance in India for more than a decade, chronicling the collapse of major lenders and turmoil at digital banks and cryptocurrencies. She has a degree in English literature from Delhi University and a postgraduate diploma in journalism from the Indian Institute of Journalism & New Media in Bangalore. Anand is also an award-winning fiction writer.

SpaceX launches $25 billion notes offering for debt repayment, AI expansion

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