PANews, June 24 – According to Jinshi reports, SpaceX is preparing for its first-ever bond issuance, aiming to raise $25 billion. The move is intended to test fixed-income investors' confidence in the ambitious blueprint Elon Musk has laid out for the company's future. The Texas-based rocket manufacturing and artificial intelligence enterprise is ramping up investments to expand its various businesses, and this bond issuance is seen as a bellwether for more financing deals to come. A buy-side source said on Monday: "Banks are very keen for this deal to deliver good returns and leave a positive impression on investors, because SpaceX may return in the coming years seeking to refinance another $10 billion." The bonds being issued will have maturities ranging from 5 to 30 years. The issuance comes as major tech stocks are experiencing another round of declines, amid market concerns over high valuations and the prospect of rising interest rates.