SpaceX issues $25 billion in bonds to restructure its debt and lower interest costs.
3 hours ago
SpaceX issued $25 billion in investment-grade bonds on Tuesday, marking the final step in refinancing its high-cost debt. The debt was previously used to fund Elon Musk’s 2022 acquisition of X (then named Twitter), as well as loans and bonds issued by AI lab xAI last year to cover its rapid cash burn. Had these entities not been merged into SpaceX, they would have paid approximately $1.8 billion in interest expenses this year on a combined $17.5 billion in debt. Now, the merged SpaceX, via its inaugural $25 billion bond offering, will take on annual interest costs of around $1.5 billion.
OKX to list ARXUSD and UBUSD perpetual contracts.
8 minutes ago
Whale "0x913" increases SOL 20x short position to $43.4 million, liquidation price at $82.84
8 minutes ago
Yield Yak website suffers front-end attack.
8 minutes ago
Yesterday, U.S. spot Bitcoin ETFs posted a net outflow of $113.8 million, while U.S. spot Ethereum ETFs recorded a net outflow of $82.4 million.
8 minutes ago
Arthur Hayes’s family office issues bullish calls on CARDS, setting a target price of $4, and expresses optimism about the explosive growth of on-chain tokenized Pokémon cards.
8 minutes ago
Tongyi Qianwen has released its first native language world model, Qwen-AgentWorld.
8 minutes ago
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