SpaceX Completes $20 Billion Bond Sale Days After Record IPO, Reports $100.8 Billion Cash Position
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SpaceX raised $20 billion through a bond sale shortly after its IPO and disclosed $100.8 billion in cash reserves, according to CNBC reporting. Share prices for SpaceX fell 9 percent, while Virgin Galactic dropped 11 percent and Rocket Lab fell 8 percent. The transaction occurred amid existing government contracts for the company.
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