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Musk’s SpaceX adds billions in debt while cutting interest

Elon Musk's SpaceX has issued $25 billion in investment-grade bonds, a strategic move to consolidate debt from X and xAI while reducing annual interest costs. This financial strategy is significant as it utilizes SpaceX's robust revenue from Starlink and government contracts, which are crucial for funding its cash-intensive AI projects. The maneuver highlights SpaceX's growing influence in both the aerospace and technology sectors, making it a pivotal case study for financial management in high-tech industries.