SpaceX attracts $90B in bond orders, funding Starlink and Starship expansion

SpaceX completed its first-ever bond offering following its recent initial public offering.

The company sought to raise $25 billion in capital. Investors placed nearly $90 billion in orders. The offering reached an oversubscription rate of approximately 3.6 times.

SpaceX will use the capital to fund its growth plans. The proceeds support the expansion of the Starlink satellite constellation and Starship rocket development.

SpaceX stock (SPCX) declined 0.85% in pre-market trading following the announcement.