Why Is SpaceX Raising More Cash With Debt After a Record IPO?
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SpaceX is raising additional capital through debt after a recent initial public offering. The amount of debt being raised is reported to be either $20 billion or $25 billion, with the company's cash on hand also being reported at $100.8 billion. The decision to raise more capital has coincided with a decline in SpaceX's stock price, which has fallen by as much as 27% over a three-day period.
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