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Deep Tide TechFlow News, June 24 — SpaceX issued $25 billion in investment-grade bonds on Tuesday, marking the company's final step in replacing high-cost debt. These high-cost debts were previously used to finance Musk's 2022 acquisition of X (then known as Twitter), as well as loans and bonds issued last year by AI lab xAI to cover its rapid cash burn. If these entities had not been consolidated into SpaceX, they would have paid approximately $1.8 billion in interest this year on a total of $17.5 billion in debt. Now, with the merged SpaceX, the company will carry an annual interest cost of about $1.5 billion based on its $25 billion initial bond issuance. (Jin10)