SpaceX, the combined rocket-and-AI company led by Elon Musk, is moving to issue $20bn of US dollar bonds just after raising up to $86bn in the largest IPO on record on Nasdaq. The main aim is to refinance a bridge loan taken on as part of its merger with xAI, with leading banks including Goldman Sachs and JPMorgan acting as arrangers. Investor calls are reported to be getting underway.
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