What Happened
Elon Musk's Company Expands Financing Amid Ambitious Growth Plans
SpaceX, led by Elon Musk, is preparing for a bond sale of at least $20 billion, following its record-breaking IPO. Bankers are set to hold calls with investors as early as next week to discuss the potential offering. The move is part of the company’s efforts to secure funding for its growth plans, which may include further investments in its space technology and exploration initiatives. The development was reported by Bloomberg.