SpaceX announced a senior unsecured notes offering and disclosed it holds about $100.8 billion in cash as it prepares for major financing activity.

The company plans to use the proceeds to repay bridge financing and support general corporate needs, though the final amount raised has not been officially stated.

Sources indicate SpaceX is aiming to raise around $20 billion, with the offering expected to begin soon.

The move follows its recent high-profile IPO, which significantly boosted its valuation and market profile, CNBC has reported.

The funds are expected to support expansion plans, including AI investments, chip purchases, and future space-based data infrastructure.