Loan & DebtJun 23, 2026, 04:57 PM
SpaceX Prices $25B Inaugural Bond Issuance
AI Summary
Space Exploration Technologies Corp. (SpaceX) announced the pricing of its inaugural offering of $25 billion in senior unsecured notes. The offering includes five tranches with varying interest rates and maturity dates, ranging from 2031 to 2056. SpaceX intends to use the net proceeds to fully repay its outstanding bridge loan facility, cover related fees, and allocate any remaining funds for general corporate purposes. The offering is anticipated to close on June 26, 2026.
Key Highlights
- SpaceX priced its inaugural bond issuance totaling $25 billion.
- The offering includes $7.0 billion of 5.350% Senior Notes due 2031.
- It also includes $6.0 billion of 5.650% Senior Notes due 2033.
- Another $6.0 billion of 5.875% Senior Notes due 2036 were priced.
- The issuance includes $2.5 billion of 6.600% Senior Notes due 2046.
- And $3.5 billion of 6.650% Senior Notes due 2056 are part of the offering.
- Net proceeds will repay outstanding bridge loan borrowings and for general corporate purposes.
- The offering is expected to settle on June 26, 2026.
Price Impact
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