<div id="readability-page-1"><div id="ArticleBody-InlineImage-108321428"><div><div><p>SpaceX employees go to work at the SpaceX facility in Hawthorne on the day of their company's IPO, in Hawthorne, California,  June 12, 2026.</p><p>Mike Blake | Reuters</p></div></div></div><div><p>Less than two weeks after its record IPO, <span id="RegularArticle-QuoteInBody-2">SpaceX<span><span id="-WatchlistDropdown"></span></span></span> has raised $25 billion in a debt sale, CNBC has confirmed.  </p><p>SpaceX on Monday announced a senior unsecured notes offering, with sources telling CNBC that the company was looking to raise $20 billion. As of Tuesday, SpaceX had received nearly $90 billion worth of orders and upsized the sale by $5 billion, according to people familiar with the fundraising who asked not to be named because the details are private. </p><p>Bloomberg was first to report on the orders figure. </p><p>Banks managing the bond sale include Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley.</p><p>SpaceX is tapping the debt markets shortly after the company's blockbuster IPO, which turned CEO Elon Musk into the world's first trillionaire. The IPO raised nearly $86 billion, including the underwriters' option, and SpaceX disclosed on Monday that it now has just over $100 billion in cash.</p></div><div><p>SpaceX needs hefty amounts of capital as it looks to fund development of its massive Starship rockets and the expansion of its Starlink satellite internet business while paying for a wide array of artificial intelligence initiatives, including revamping its Grok models and coding agents. </p><p>SpaceX is also moving ahead with the $60 billion all-stock acquisition of AI-coding startup Cursor.</p><p>The only profitable part of SpaceX's business is Starlink. According to its prospectus, SpaceX has accumulated a total loss of $41.3 billion since the company's founding in 2002. </p><p>The bond sale represents one of the largest in the AI era. Earlier this year, <span id="RegularArticle-QuoteInBody-10">Oracle<span><span id="-WatchlistDropdown"></span></span></span> raised $25 billion in a bond offering, <span id="RegularArticle-QuoteInBody-11">Amazo<span><span id="-WatchlistDropdown"></span></span></span>n raised about $54 billion and <span id="RegularArticle-QuoteInBody-12">Alphabet<span><span id="-WatchlistDropdown"></span></span></span> pulled in about $31.5 billion in bond sales  in the U.S. and Europe.</p><p><strong>WATCH:</strong> Can't invest in SpaceX yet as a bottom-up fundamental manager</p></div><div><p>Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.</p></div></div>

SpaceX has now fallen for a third straight session, dropping about 16% to close near USD 154.60 and slipping back below its June 12 debut close. It is still up only about 14% from the USD 135 IPO price, well off the post-listing peak near USD 185. The trigger: SpaceX launched its first bond sale as a public company, a roughly USD 20 billion offering, even after disclosing a cash pile of over USD 100 billion. With only around 4% of shares actually trading, the thin float that powered the melt-up now amplifies every drop, and insider lockups start unwinding from late July through December. Is this a dip to buy, or the start of the air coming out?

<p>SpaceX has now fallen for a third straight session, dropping about 16% to close near USD 154.60 and slipping back below its June 12 debut close. It is still up only about 14% from the USD 135 IPO price, well off the post-listing peak near USD 185. The trigger: SpaceX launched its first bond sale as a public company, a roughly USD 20 billion offering, even after disclosing a cash pile of over USD 100 billion. With only around 4% of shares actually trading, the thin float that powered the melt-up now amplifies every drop, and insider lockups start unwinding from late July through December. Is this a dip to buy, or the start of the air coming out?</p>

SpaceX Slides Below Debut: Buy The Dip?

SPCX

2 倍做多SpaceX ETF

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SPAL

SSPC

SPCU

LOFF

<p>SpaceX raised $25 billion in a debt sale less than two weeks after its record IPO, which generated nearly $90 billion in orders. The company upsized the offering from an initial $20 billion target. This capital will fund Starship development, Starlink expansion, and AI initiatives, including the acquisition of Cursor. Despite having over $100 billion in cash, SpaceX has accumulated losses since 2002, with Starlink being its only profitable segment.</p>

CNBC

SpaceX

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Bank of America

Citigroup

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Oracle

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Alphabet - C

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

CITIGROUP INC 6.250 NON CUM SER II PFD WI

GS Hldg R

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

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MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

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