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00:02SpaceX's $25 billion debt offering drew strong demand but raised concerns about the company's
00:08financing needs, capital spending, and future refinancing obligations, according to CNBC.
00:15The company received nearly $90 billion in orders after tapping debt markets on June 22nd
00:20and increasing the offering from a planned $20 billion.
00:24SpaceX said proceeds would repay outstanding borrowings under its bridge loan facility,
00:29cover fees and expenses, and support general corporate purposes.
00:35Analysts said the offering came less than two weeks after its June 12th IPO
00:39and left some investors exposed to the same risks through both equity and bonds.
00:44They said Starlink must scale and Starship must work for the company's equity story
00:49and debt service to hold up.
00:51SpaceX shares fell more than 13% for the week.
00:54For all things money, visit Benzinga.com.
