debt
confidence high
sentiment neutral
materiality 0.75
SpaceX prices $25 billion inaugural bond issuance across five tranches
SPACE EXPLORATION TECHNOLOGIES CORP
- Seven tranches: $7B 5.350% due 2031, $6B 5.650% due 2033, $6B 5.875% due 2036, $2.5B 6.600% due 2046, $3.5B 6.650% due 2056.
- Net proceeds to repay bridge loan facility in full, pay related fees, and for general corporate purposes.
- Notes are unsecured and rank equally with all existing and future unsubordinated indebtedness.
- Settlement expected June 26, 2026; offering to QIBs under Rule 144A and non-U.S. persons under Reg S.