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SpaceX unveiled a senior unsecured notes offering on Monday and disclosed it held approximately $100.8 billion in cash — a balance sheet revelation that arrived just days after the company's record-setting initial public offering.
The back-to-back capital moves underscore how quickly the aerospace and satellite company is moving to put its newly public status to work across multiple funding channels simultaneously.
A Cash Pile That Reframes the Debt Raise The $100.8 billion cash figure is the detail that will stop fixed-income desks mid-sentence.
Companies tapping the unsecured bond market typically do so out of necessity, or to optimize their liability structure at favorable rates.
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