SpaceX Prices $25 Billion Bond Offering, One of Largest Corporate Debt Sales This Year
SpaceX has priced its inaugural $25 billion bond offering, one of the largest corporate debt sales this year, across five tranches of senior notes maturing between 2031 and 2056. Proceeds will repay a bridge loan and support general corporate purposes.
SpaceX has priced its inaugural bond offering at $25 billion, making it one of the largest corporate debt sales of the year. The deal is structured across five tranches of senior notes with maturities ranging from 2031 to 2056. The offering is expected to settle on June 26.
Proceeds from the sale will be used to repay an existing bridge loan and support general corporate purposes, providing long-term capital for the company's growth plans. The bond issuance marks a significant move into public debt markets for the private space exploration company.
Source: First Squawk