SpaceX raises $25 billion in debt sale less than two weeks after IPO

SpaceX closed a $25 billion debt offering that drew nearly $90 billion in orders, marking one of the largest corporate bond sales on record. The senior unsecured notes sale comes less than two weeks after the company's IPO, giving SpaceX additional capital firepower beyond the equity raise.

The oversubscription ratio of roughly 3.6-to-1 signals strong institutional appetite for SpaceX paper despite the company's recent public debut. The debt raise provides SpaceX with diversified capital structure and potentially lower cost of capital than additional equity dilution would have required.

The timing follows SpaceX's record-setting IPO earlier this month, though specific pricing terms and maturity dates for the notes were not disclosed in the CNBC report. The dual capital raise—equity followed by debt—gives SpaceX significant dry powder for scaling Starlink operations, Starship development, and competitive positioning against emerging space infrastructure rivals.

The deal's size places it among the largest investment-grade corporate bond offerings in recent market history, reflecting both SpaceX's execution credibility and investor confidence in commercial space economics.