SpaceX's joint investment bank team plans to issue at least $20 billion in investment-grade US dollar bonds.

Sources familiar with the matter revealed that the collaborative investment banking team under Elon Musk's SpaceX is set to hold investor conference calls as early as next week to discuss plans for a bond issuance following the company's record-breaking IPO. The undisclosed source stated that the bond issuance is expected to be at least $20 billion, with investor communication set to begin as early as Monday; however, the details of the plan and timeline are subject to change. The diversified enterprise, specializing in rocket, satellite, and AI businesses, plans to issue investment-grade U.S. dollar bonds for the first time, with the proceeds intended to replace a $20 billion bridge loan due in September 2027. According to SpaceX's IPO filing with the U.S. Securities and Exchange Commission, as of March 31, this bridge loan constituted a significant portion of the company's $29.1 billion long-term debt. The source indicated that a consortium of banks including Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs, and Morgan Stanley provided the bridge loan and will lead underwrite the bond issuance.