Lates News

SpaceX is starting its first bond issuance plan to raise $25 billion, aiming to test the confidence of fixed income investors in Elon Musk's grand blueprint for the company's future. The Texas-based rocket manufacturing and artificial intelligence company is ramping up investments to expand its various businesses, and this bond issuance is seen as a benchmark for more future financing transactions. A buyer institution said on Monday, "Banks are very hopeful that this transaction will provide investors with good returns and leave a positive impression, as SpaceX may come back in the next few years to seek additional funding of $10 billion." The bonds issued cover a range of maturities from 5 to 30 years. At the time of issuance, large tech stocks are experiencing another round of declines in the market due to concerns about overvaluation and the prospect of rising interest rates.