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SpaceX Supplier STMicroelectronics Plans to Raise $1.5 Billion Through Bond Sale

Provided by Dow Jones Jun 16, 2026, 9:08:00 AM

By Mauro Orru

STMicroelectronics is seeking to raise $1.5 billion by issuing bonds that can be converted into shares.

The European chip maker said it was offering two tranches of bonds, each with a minimum size of $500 million, and maturities of five and seven years, respectively.

The company said it would channel proceeds into the early redemption of outstanding $750 million zero-coupon convertible bonds due 2027 and other general corporate purposes.

STMicroelectronics shares in Paris fell more than 2%. However, the stock has nearly tripled so far this year, powered by investor fervor around artificial intelligence.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

June 16, 2026 05:08 ET (09:08 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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