SpaceX bankers prepare for potential US$20 billion bond offering, sources say

AI Summary

SpaceX is preparing a bond offering of at least US$20 billion to fund its ambitious AI expansion plans, including investments in data centers, computing hardware, and power infrastructure. This marks the first time SpaceX seeks such fundraising through a bond offering amidst its new public company status.

⁠SpaceX’s bankers are preparing to meet investors as early as next week to discuss a bond offering of at least US$20 billion, two sources familiar with the matter said ‌on Thursday, as Elon Musk’s newly public company seeks funding for an ambitious and capital-intensive AI expansion. SpaceX’s AI ambitions come with a steep price tag, requiring tens of billions of dollars in investment for data centres, computing hardware and power infrastructure. The offering ⁠would mark the first time the...