SpaceX is tapping the bond market for the first time, seeking funds for its ambitious AI and next-gen space tech projects, even as it boasts over $100 billion in cash. This move allows capital raising without diluting shareholder control.

The announcement comes amid a significant drop in SpaceX shares post-IPO, which nonetheless propelled Elon Musk to trillionaire status. The company's expansion into AI and Starship development is driving substantial investment.