Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTPras Subramanian · Senior ReporterWed, June 24, 2026 at 3:57 PM GMT+2 2 min readSpaceX (SPCX) stock is in focus on Wednesday after the company completed a successful debt offering.Per a statement Tuesday night, the company announced pricing for a $25 billion bond issuance. The offering will be spread across five tranches of senior notes maturing between 2031 and 2056, with interest rates rising from 5.350% on the shortest to 6.650% on the longest.Reports suggested that SpaceX originally tried to raise $20 billion, but demand for the notes was so great that the company upsized the offering to $25 billion. CNBC reported SpaceX saw nearly $90 billion worth of orders for the debt offering.SpaceX said it will use the money mainly to pay off a bridge loan it had taken out, cover the deal's fees, and keep whatever is left for general purposes. The company noted the debt will only be offered to large institutional investors and to buyers outside the US."I worry that money burns a hole in companies pockets, and so they need to invest every dollar as efficiently as possible," CFRA analyst Keith Snyder said in and interview with Yahoo Finance regarding SpaceX's need to raise cash so close to its IPO. "And all of a sudden they're sitting on 100 billion in cash. That's a big, a big cash stockpile for them to be playing with."Nevertheless, the successful debt offering comes at a strained moment for the company's stock. Though the stock rebounded slightly yesterday, SpaceX stock hit $149 in early trade, a notable move given the stock debuted at $150. It's a psychologically important level and indicative that SpaceX is following other major market debuts that eventually traded below their offer price.FILE PHOTO: Founder, CEO, Chairman, and Chief Engineer of SpaceX, Elon Musk, speaks via videolink on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite in New York City, U.S., June 12, 2026. REUTERS/Brendan McDermid TPX IMAGES OF THE DAY/File Photo · REUTERS / REUTERSAt $150, SpaceX stock is up only 11% from its IPO price of $135. At one point last week its market cap topped over $2.5 trillion; now it hovers just above $2 trillion.SpaceX is down around 2% in early trade Wednesday.SpaceX's rocky post-IPO trading, as well as weakness in Tesla stock recently, has also hit CEO Elon Musk's wealth.The mercurial Musk was the first person to top $1 trillion in wealth following SpaceX's IPO, but his total net worth on paper has slipped, slightly. Bloomberg's Billionaire's Index now lists Musk's wealth at $957.1 billion, a drop of nearly $360 billion from the high of $1.315 trillion hit in the days after SpaceX's IPO and market debut.Despite the recent drop, Musk is still worth more than Larry Page, Segey Brin, and Jeff Bezos — combined.Pras Subramanian is Lead Transportation Reporter for Yahoo Finance. You can follow him on X and on Instagram.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info