Musk’s SpaceX adds billions in debt while cutting interest (opens original article in a new tab)

SpaceX raised $25 billion through bond sales to refinance debt from its acquisition of X (Twitter) and AI division xAI, reducing annual interest costs while consolidating its business structure.

• SpaceX sold $25 billion in bonds to refinance debt from X (Twitter) and xAI's AI projects
• The bond offering allows SpaceX to pay $1.5 billion in annual interest, down from $1.8 billion previously
• SpaceX's debt restructuring involves merging multiple entities and accessing investment-grade bonds for cheaper financing
• Investors showed strong demand for SpaceX bonds, with $89 billion in orders during the offering
• SpaceX's xAI division remains cash flow negative but is supported by Starlink and government contracts