What Happened
Elon Musk's Conglomerate Attracts Strong Demand Amid Market Volatility
SpaceX, Elon Musk’s rocket, satellite, and AI conglomerate, is set to raise $25 billion in its debut bond sale, attracting strong demand despite market volatility. The sale, which is in five parts, is seen as a crucial step in funding the company’s AI ambitions. According to people familiar with the matter, SpaceX is paying a relatively wide premium over Treasuries to get the deal done. This development was first reported by Bloomberg.