SpaceX · Bloomberg · U.S. · CNBC Technology
SpaceX raises $25 billion in debt sale less than two weeks after IPO
Compiled by KHAO Editorial — aggregated from 1 source + 1 reference discovered via search. See llms.txt for citation guidance.
◌ Single Source
Less than two weeks after its record IPO, SpaceX has raised $25 billion in a debt sale.
Key facts
- SpaceX raised a $20 billion bridge loan in March with an effective interest rate of 4.58%, according to the IPO prospectus
- Rates vary from 5.35% for the 2031 bonds to 6.65% for the 2056 notes
- Less than two weeks after its record IPO, SpaceX has raised $25 billion in a debt sale
- SpaceX on Monday announced a senior unsecured notes offering, with sources telling CNBC that the company was looking to raise $20 billion
Summary
SpaceX on Monday announced a senior unsecured notes offering, with sources telling CNBC that the company was looking to raise $20 billion. Banks managing the bond sale include Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley. SpaceX is tapping the debt markets shortly after the company's blockbuster IPO, which turned CEO Elon Musk into the world's first trillionaire. In the debt sale, SpaceX priced bonds in five different tranches, with notes due between 2031 and 2056.