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SpaceX Sells $25 Billion of Bonds, Cuts Interest Costs
Bloomberg46d agobearishVIDEO
SpaceX Sells $25 Billion of Bonds, Cuts Interest Costs

SpaceX sold $25 billion of investment-grade bonds on Tuesday, marking the final step to replace the costly debt that had helped finance Elon Musk's acquisition of X, then known as Twitter, as well as the expensive loans and bonds issued by xAI to bridge its rapid cash drain. Bloomberg's Manuel Baigorri reports.

Betting on SpaceX and Other Hot AI Names With ‘Synthetic Stock’
Barrons.com46d agoneutral
Betting on SpaceX and Other Hot AI Names With ‘Synthetic Stock’

For true believers and skeptics alike, it’s hard to beat the benefits of using options to create attractive payouts while defining risk. Rather than buying AI stocks, investors can create “synthetic stock” that risks less money while maximizing gains. Dealers and other institutional investors are using the options trading action on Space Exploration Technologies ’ recent stock offering to map out how to play other hot AI IPOs, including those of OpenAI and Anthropic, expected later this year, while also using those insights to trade the broader AI theme.

Tesla stock has a SpaceX problem, veteran analyst says
TheStreet46d agoneutral
Tesla stock has a SpaceX problem, veteran analyst says

The global investment bankJefferies just added a fresh twist to the Tesla (TSLA) stock debate. According to TheFly, veteran analyst Philippe Houchois kept his cautious stance on Tesla, but his latest take goes beyond deliveries, margins, robotaxis or EV demand. His concern is tied to SpaceX ...

Elon Musk Is Now Richer Than His Native South Africa—And Wealthier Than These Countries
Benzinga46d agoneutral
Elon Musk Is Now Richer Than His Native South Africa—And Wealthier Than These Countries

Space Exploration Technologies Corp. CEO Elon Musk’s fortune has reached a level once reserved for the world’s largest economies, making the trillionaire entrepreneur wealthier than the annual economic output of most countries on the planet. Elon Musk’s Wealth Surpasses South Africa’s Economy Musk’s net worth stands at approximately $1.2 trillion, according to Forbes. His net worth was propelled largely by the soaring value of SpaceX, which earlier this month debuted on public markets at a valua