{"id":32372,"date":"2026-06-18T20:39:32","date_gmt":"2026-06-18T20:39:32","guid":{"rendered":"https:\/\/bitunikey.com\/news\/spacex-seeks-20b-bond-deal-as-elon-musk-faces-selloff\/"},"modified":"2026-06-18T20:39:38","modified_gmt":"2026-06-18T20:39:38","slug":"spacex-seeks-20b-bond-deal-as-elon-musk-faces-selloff","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/spacex-seeks-20b-bond-deal-as-elon-musk-faces-selloff\/","title":{"rendered":"SpaceX seeks $20B bond deal as Elon Musk faces selloff"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">SpaceX has explored a bond offering worth as much as $20 billion while its publicly traded shares have fallen more than 9%, trimming Elon Musk\u2019s fortune by roughly $59 billion from recent highs.<\/p>\n<div id=\"cn-block-summary-block_53c90cf2be7893cdd73b421c1139635d\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>SpaceX is considering a bond sale of up to $20 billion to refinance debt due in 2027.<\/li>\n<li>SPCX shares fell more than 9% intraday, while Elon Musk\u2019s net worth dropped by $59 billion.<\/li>\n<li>Major Wall Street banks remain involved in the financing effort despite investor concerns over leverage.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bloomberg <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-18\/spacex-bankers-preparing-for-bond-sale-of-at-least-20-billion\" target=\"_blank\" rel=\"nofollow\">reported<\/a>, citing people familiar with the matter, that SpaceX and its banking partners are preparing investor discussions for a potential bond sale that could raise up to $20 billion, one of the largest corporate debt offerings in recent years.<\/p>\n<p>The proposed financing would be used primarily to refinance a bridge loan due in September 2027. According to Bloomberg, that loan represents a significant portion of SpaceX\u2019s long-term debt, which stood at approximately $29.1 billion at the end of March.<\/p>\n<p>While the transaction remains under discussion, Bloomberg reported that the final size, structure, and timing could still change depending on market conditions and investor demand. Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs, and Morgan Stanley are expected to lead the process. Those same institutions previously participated in the bridge financing arrangement.<\/p>\n<p>The debt discussions come only days after SpaceX completed a landmark public listing that pushed the company\u2019s valuation above major technology firms and elevated Elon Musk\u2019s wealth to unprecedented levels.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Investors weigh debt plans against recent stock volatility<\/h2>\n<p>Following reports of the potential refinancing transaction, SpaceX shares came under selling pressure. SPCX stock fell more than 9% from its previous close of $191.82 to an intraday low of $172.11 on June 18. The stock later recovered part of those losses and finished the session near the $185 level.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/SPCX\/\" target=\"_blank\" rel=\"nofollow\">Yahoo Finance<\/a><\/figcaption><\/figure>\n<p>The decline follows a sharp rally that had briefly lifted SpaceX\u2019s valuation close to $3 trillion. As crypto.news previously reported, shares reached an intraday high of about $225.84 on June 16, pushing Musk\u2019s net worth to nearly $1.4 trillion and temporarily placing the value of his holdings above Bitcoin\u2019s market capitalization of roughly $1.31 trillion at the time.<\/p>\n<p>Earlier reporting by crypto.news also noted that SpaceX\u2019s market debut made Musk the world\u2019s first trillionaire. Continued gains after the listing added hundreds of billions of dollars to his paper wealth before the recent pullback reduced those gains.<\/p>\n<p>According to data by Forbes, Musk\u2019s net worth has since fallen back to around $1.2 trillion, representing a decline of approximately $59 billion, or 4.6%, over the past trading day.<\/p>\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"510\" height=\"552\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/06\/1781815172_444_SpaceX-seeks-20B-bond-deal-as-Elon-Musk-faces-selloff.webp.webp\" alt=\"Elon Musk's net worth falls to $1.2 trillion after a $59 billion one-day decline.\" class=\"wp-image-14468183\" style=\"width:569px;height:auto\"  ><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/real-time-billionaires\/\" target=\"_blank\" rel=\"nofollow\">Forbes<\/a><\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Banks remain involved despite growing debt burden<\/h2>\n<p>Despite the recent pullback, Bloomberg reported that major Wall Street banks remain involved in SpaceX\u2019s financing plans. The institutions expected to arrange the proposed bond offering are the same lenders that previously provided the bridge loan the company now intends to refinance.<\/p>\n<p>Investor interest in SpaceX has remained strong since its public debut. As crypto.news previously reported, some retail investors reportedly took out bank loans to increase their IPO allocations before shares began trading.<\/p>\n<p>Beyond its aerospace operations, the company has also drawn attention for its expansion into artificial intelligence. Recent reports indicated that SpaceX is exploring an acquisition of Anysphere, the developer behind the Cursor AI coding platform.<\/p>\n<p>At the same time, investors are evaluating what a potential $20 billion refinancing transaction could mean for the company\u2019s balance sheet, as large debt deals often bring renewed focus to leverage levels and future funding needs.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SpaceX has explored a bond offering worth as much as $20 billion while its publicly traded shares have fallen more than 9%, trimming Elon Musk\u2019s fortune by roughly $59 billion&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=32372"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32372\/revisions"}],"predecessor-version":[{"id":32373,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32372\/revisions\/32373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/31671"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=32372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=32372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=32372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}