SpaceX makes first bond sale after IPO as cash tops $100 billion

SpaceX is entering the bond market for the first time after its IPO, aiming to fund AI infrastructure and development of its next-generation Starship rocket. The company said cash reserves have climbed past $100 billion, while increased spending has weighed on profitability. SpaceX also signed a computing-power agreement with Reflection AI worth up to $6.3 billion for access to Nvidia GB300 chips, CNBC reported.