SpaceX is launching its first investment-grade bond sale following its record IPO earlier this month, according to multiple reports. Bloomberg and other outlets say the company’s move targets public bond investors and is intended to support major AI-related ambitions. Bloomberg describes the offering as high-grade and notes that credit rating agencies view SpaceX as likely to reach positive ratings over time, even though near-term metrics do not yet fully support those grades. Bloomberg also reports that marketing for the bond sale is underway.

Other coverage links the bond proceeds to additional long-term investments, including AI development and infrastructure such as data centers, and notes that the borrowing may help fund broader expansion goals. The New York Post and Quartz report that SpaceX expects to raise about $20 billion, and Quartz adds that proceeds are planned to repay bridge financing. The Next Web similarly frames the sale as financing for a larger AI build-out. Overall, sources agree this is SpaceX’s first investment-grade issuance and that it follows the company’s recent IPO.