Source: International Business Times
KEY POINTSThe company's investment-grade debt rating contrasts with bond market pricing that reflects higher investor risk concerns. Rising borrowing costs and a weaker stock price could make future fund-raising more expensive. Fresh off of SpaceX's record-breaking IPO that raised $75 billion, in a highly unusual move the company returned to capital markets with a $25 billion bond issuance two weeks later amid $90 billion in demand from investors.
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