SpaceX launches Starfall demo, secures $25B bond with $89B demand
SPCX•SPCX•SPCX•SPCX•SpaceX launched its first Starfall demo flight from Cape Canaveral, testing a reusable capsule designed to carry 2,200 pounds and return payloads from low Earth orbit. The company priced a $25 billion five-part investment-grade bond, securing $89 billion in orders and cutting annual interest expenses by $300 million.
SpaceX conducted the inaugural Starfall demonstration flight on June 24, launching a reusable capsule from Cape Canaveral at 6:52 a.m. EDT. The capsule, capable of carrying up to 2,200 pounds of research and pharmaceutical payloads, is set for a Pacific Ocean splashdown after testing microgravity and vacuum manufacturing capabilities.
Later the same day, SpaceX priced a $25 billion investment-grade bond across five tranches, attracting peak investor orders of $89 billion. The proceeds will refinance higher-cost debt from X and xAI, lowering the group's annual interest burden to approximately $1.5 billion from $1.8 billion.
