India, June 19 -- Elon Musk's spacecraft maker Space Exploration Technologies Corp. or SpaceX (SPCX) is preparing to issue an investment-grade bond offering of at least $20 billion to refinance a temporary bridge loan due in September 2027, reports said citing sources familiar with the matter.
SpaceX's bankers are preparing to meet investors as early as next week to discuss ?the bond offering as the firm seeks funding for its ambitious and capital-intensive AI expansion.
The proceeds from the debt offering would refinance the company's $20 billion bridge loan that was taken earlier this year following the acquisition of Musk's AI startup xAI.
Earlier this week, SpaceX announced that its wholly-owned subsidiary X67, Inc. has agreed to mer...