SpaceX has initiated a bond sale, with reported values ranging from $20 billion to $25 billion, to refinance debt. The sale has drawn significant demand, with some reports indicating it has attracted over three times more demand than the company's outstanding long-term debt. The bond offering has coincided with a decline in SpaceX's stock price, which has fallen sharply, with some reports indicating a drop of 16% and a slide of 25% from its high.