BREAKING: SpaceX attracted an incredible $89 billion in investor demand for its first-ever investment grade bond sale.
• The bond sale was approximately 4.5x oversubscribed.
• SpaceX reported roughly $100.8 billion in cash, giving it one of the strongest balance sheets in corporate America
• The bonds received investment-grade ratings from major credit agencies
• Strong demand could allow SpaceX to secure lower borrowing costs and potentially increase the size of the offering
• The overwhelming response shows institutional investors have significant confidence in SpaceX’s business, financial strength, and long-term growth prospects
This is extremely bullish for SpaceX.
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