Lates News

Insiders revealed that SpaceX's partnering investment banking team will begin holding investor conference calls next week to discuss the launch of a bond issuance plan after the company's record-breaking IPO. The bond issuance scale is expected to be at least $20 billion, with investor communications set to begin as early as Monday; however, the details and timeline are subject to change. SpaceX plans to use the proceeds from its first investment-grade US dollar bond issuance to refinance a $20 billion bridge loan due in September 2027. The IPO filing submitted to the Securities and Exchange Commission by SpaceX shows that as of March 31, this bridge loan accounts for the majority of the company's $29.1 billion in long-term debt. Insiders revealed that Bank of America, Citibank, JPMorgan Chase, Goldman Sachs, and Morgan Stanley collectively provided the bridge loan and will lead underwrite this bond issuance.