SpaceX Reveals $100.8 Billion Cash Reserve After Record-Breaking IPO

SpaceX announced Monday that it is moving forward with an offering of senior unsecured notes, while also revealing the company had approximately $100.8 billion in cash and cash equivalents on hand as of June 19.

The rockets-to-artificial intelligence company, led by Elon Musk, made its debut on the Nasdaq stock exchange on June 12 following a landmark $75 billion initial public offering — a record-setting figure that has positioned SpaceX as one of the most valuable companies on the planet.