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US stocks: SpaceX draws $89 billion demand for debut high-grade bond sale

SpaceX, led by Elon Musk, has garnered an unprecedented demand of approximately $89 billion for its first high-grade bond sale, aiming to raise between $20 billion and $25 billion. This move is significant as it reflects strong investor confidence in Musk's vision and SpaceX's future, despite anticipated high cash expenditures. The bond sale is crucial for refinancing existing loans and covering corporate expenses, marking a pivotal moment in corporate financing strategies.