SpaceX Taps Bond Market for $20 Billion to Fuel AI Expansion

Elon Musk’s SpaceX has begun selling investment grade bonds for the first time in what is anticipated to be a mass borrowing spree in order to fund the company’s ambitious AI plans following its blockbuster Nasdaq listing. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase & Co and Morgan Stanley are arranging calls with investors in a bid to provide temporary bridge financing for the satellite company, according to reports in Bloomberg. A bond offer is expected to follow this, with maturities ranging between five and 30…