India, June 23 -- Space Exploration Technologies Corp. (SPCX) has successfully raised $25 billion via a senior unsecured note offering, just under two weeks after its groundbreaking IPO.
This debt sale surpassed the company's initial goal of $20 billion, driven by strong demand from investors, with orders reportedly hitting nearly $90 billion.
The offering was handled by several major banks, including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley. SpaceX issued notes with maturities spanning from 2031 to 2056, with interest rates varying between 5.35% and 6.65%.
According to SpaceX, the funds raised will mainly be used to pay off its existing bridge loan, take care of related fees and expenses, and support...