SpaceX's high-yield bond issuance has received $8.9 billion in orders

BlockBeats News, June 24th, according to Bloomberg, SpaceX has reportedly received approximately $8.9 billion in subscription demand for its debut U.S. bond issuance, laying the groundwork for one of the largest deals in the U.S. investment-grade bond market this year.

SpaceX, composed of Musk's rocket, satellite, and artificial intelligence businesses, plans to raise $20 billion to $25 billion through a bond issuance across five different maturities, with the transaction expected to price on Tuesday.

Even at the lower end of the fundraising range at $20 billion, investor demand has exceeded the issuance size by over four times, demonstrating strong market interest and approval of SpaceX. This bond issuance is poised to be one of the most anticipated and largest financing deals in the U.S. investment-grade bond market this year.