SpaceX on Tuesday sold $25 billion of investment-grade bonds to replace
high-cost debt tied to Musk's 2022 acquisition of X (then Twitter) and to loans
and bonds issued last year for AI lab XAI. The affected entities held roughly
$17.5 billion of debt that would have generated about $1.8 billion of interest
this year; the consolidated $25 billion issuance reduces SpaceX's annual
interest burden to about $1.5 billion.
