SpaceX discloses $100.8 billion in cash, launches 1st bond sale to raise capital

SpaceX has announced its first-ever notes-offering (or bond sale) to raise capital and also declared that it has $100.8 billion in cash and cash equivalents (as of June 19). This comes as the AI company's shares declined for the third straight day, falling over 10% on Monday itself. It, however, did not disclose the pricing or size of the notes.