SpaceX has completed its first investment-grade U.S. dollar bond sale, raising at least $25 billion through senior unsecured notes with maturities ranging from five to 30 years. The offering, which came less than two weeks after the company’s June 12 IPO, reportedly attracted nearly $85 billion of orders, more than three times the deal size, signaling strong investor demand. Proceeds are set to repay a bridge loan facility and support other corporate purposes, with the company’s AI expansion expected to absorb much of the planned investment. Reuters said the banks on the deal include Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs and Morgan Stanley. Credit rating agencies assigned investment-grade ratings last week, helping position the company to access long-term institutional funding at competitive rates.