SpaceX Plans $20 Billion Bond Sale, Discloses Major AI Contracts With Anthropic and Others
SpaceX operates Starlink and Starship, businesses that require substantial capital spending. The bond sale is intended to refinance debt and fund AI initiatives. Although the company remains loss-making on a net basis, it has secured a cloud contract with Google worth up to $3 billion and a business contract with AI startup Anthropic worth up to $4.5 billion, providing important support for its debt-servicing capacity.
As of July 19, 2026, SpaceX had expanded its planned corporate bond offering from at least $20 billion to $25 billion across five tranches. Orders reached $89 billion, covering the deal more than 3.5 times. S&P Global, Moody’s and Fitch all assigned investment-grade ratings. Over the same period, SPCX fell for three consecutive days, with related reports estimating that about $600 billion in market value was erased.
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The history behind this eventSpaceX Targets $10 Trillion Valuation With AI Expansion
SpaceX has built its growth story around the Starlink satellite network and commercial launch services, using reusable rockets to lower the cost of putting infrastructure into orbit. Early investor Peter Diamandis says markets still substantially undervalue that platform and sees a high probability that the company will eventually exceed a $10 trillion valuation, a scale that would move it far beyond conventional aerospace benchmarks.
The company’s latest ambitions extend into AI infrastructure. SpaceX has signed large AI computing contracts and is planning chip-fabrication capacity and orbital AI data centers, though counterparties, contract values and construction dates have not been disclosed. Elon Musk has predicted that AI could account for 99% of SpaceX’s valuation within five years, with launch systems, chips and computing capacity combined in an unusually integrated operating model.
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