{"id":63540,"date":"2026-06-22T08:38:15","date_gmt":"2026-06-22T12:38:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-and-microsoft-lead-major-capital-moves-amid-global-market-shifts\/63540\/"},"modified":"2026-06-22T08:38:15","modified_gmt":"2026-06-22T12:38:15","slug":"spacex-and-microsoft-lead-major-capital-moves-amid-global-market-shifts","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-and-microsoft-lead-major-capital-moves-amid-global-market-shifts\/63540\/","title":{"rendered":"SpaceX and Microsoft Lead Major Capital Moves Amid Global Market Shifts"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>)<\/strong> launched its debut <strong>$20 billion<\/strong> investment-grade bond offering to refinance debt, reporting a massive <strong>$100.8 billion<\/strong> cash pile as of June 19.<\/li>\n<li><strong>Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>)<\/strong> announced a multibillion-dollar, 2-gigawatt datacenter campus in <strong>Pecos, Texas<\/strong>, supported by a <strong>$7 billion<\/strong> power deal with Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>).<\/li>\n<li><strong>China\u2019s <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> imports<\/strong> surged <strong>76% year-on-year<\/strong> to 692 tonnes for Jan-May 2026, with May volumes hitting a two-year high of <strong>163 tonnes<\/strong>.<\/li>\n<li><strong>Alan Greenspan<\/strong>, the legendary former Federal Reserve Chairman who steered the U.S. economy for nearly two decades, has passed away at the age of <strong>100<\/strong>.<\/li>\n<li><strong>Oil markets<\/strong> saw a significant shift as two supertankers entered the <strong>Strait of Hormuz<\/strong> to load four million barrels, signaling a potential easing of regional shipping blockades.<\/li>\n<\/ul>\n<hr>\n<h2>SpaceX Debuts High-Grade Bond Offering with $100B Cash Reserve<\/h2>\n<p>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>) has officially entered the high-grade bond market, kicking off an offering expected to be at least <strong>$20 billion<\/strong>. The move follows the company&#39;s landmark IPO earlier this month and is primarily intended to refinance a <strong>$20 billion bridge loan<\/strong> maturing in September 2027. Despite the new debt, the aerospace giant disclosed a robust balance sheet with <strong>$100.8 billion in cash and cash equivalents<\/strong> as of June 19, 2026.<\/p>\n<p>Market reaction was mixed as shares of SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>) fell roughly <strong>5%<\/strong> in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market trading<\/a>. Some investors expressed concern over the &quot;cash burn&quot; implied by back-to-back fundraising, while analysts noted the move is a routine optimization to replace short-term bank loans with long-term, fixed-income instruments. The company recently received investment-grade ratings in the <strong>BBB tier<\/strong> from S&amp;P, Moody\u2019s, and Fitch.<\/p>\n<h2>Microsoft and Chevron Partner for $7B Texas AI Infrastructure<\/h2>\n<p>Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>) is expanding its AI and cloud footprint with a massive new datacenter campus in <strong>Pecos, Texas<\/strong>. The project will involve a multibillion-dollar investment over the next five to seven years and is expected to add <strong>2 gigawatts (GW)<\/strong> of capacity. To power the energy-intensive site, Microsoft signed a 20-year agreement with Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>) for a <strong>$7 billion<\/strong> natural gas-fired power plant, dubbed &quot;Project Kilby.&quot;<\/p>\n<p>The facility is designed to be &quot;behind-the-meter,&quot; allowing Microsoft to maintain a private energy supply and minimize reliance on the public grid. Construction is expected to support over <strong>6,000 jobs<\/strong> at its peak, with the first power generation slated for 2028. This move underscores the escalating &quot;power crunch&quot; facing the AI sector as tech giants race to secure reliable energy sources.<\/p>\n<h2>China Gold Demand Hits Multi-Year Highs<\/h2>\n<p>China&#39;s appetite for physical bullion remains relentless, with May imports reaching approximately <strong>163 tonnes<\/strong>, the highest level in over two years. Total import volumes for the first five months of 2026 have surged <strong>76% year-on-year<\/strong> to roughly <strong>692 tonnes<\/strong>. The spike in demand comes even as global gold prices face pressure, suggesting strong domestic interest in physical bars and gold accumulation plans.<\/p>\n<p>Analysts suggest the surge may have been partly driven by banks utilizing existing quotas before a new, less restrictive import licensing regime took effect on June 1. Despite a moderation from the record-breaking frenzy seen in January, Chinese retail and institutional demand continues to be a primary catalyst for global bullion markets.<\/p>\n<h2>Tributes Pour in for Alan Greenspan; UK Political Shakeup<\/h2>\n<p>The financial world is mourning the loss of former Federal Reserve Chair <strong>Alan Greenspan<\/strong>, who died at age 100 due to complications from Parkinson\u2019s disease. Greenspan, who led the Fed from 1987 to 2006, was famously known for his &quot;Fedspeak&quot; and his stewardship during the 1990s productivity boom. <strong>Kevin Hassett<\/strong>, a former advisor to the White House, praised Greenspan as a &quot;brilliant mind&quot; and noted that today&#39;s AI sector is &quot;printing money&quot; in a way that mirrors the internet boom Greenspan managed.<\/p>\n<p>In the UK, a major political shift is underway following Prime Minister <strong>Keir Starmer&#39;s<\/strong> announcement that he will step down. Minister for Defence Readiness <strong>Luke Pollard<\/strong> publicly backed <strong>Andy Burnham<\/strong> to succeed Starmer. Burnham recently won a high-profile by-election, positioning himself as a leading candidate to take over the Labour Party leadership and the premiership.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways SpaceX (SPCX) launched its debut $20 billion investment-grade bond offering to refinance debt, reporting a massive $100.8 billion 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