SpaceX closes $25 billion bond offering across five tranches

▤ Summary

SpaceX completed a $25 billion bond offering across five tranches of senior unsecured notes. The deal spans maturities from 5 to 30 years and includes rates ranging from 5.35% to 6.65%. The company placed the notes with qualified institutional buyers and non-U.S. investors under Rule 144A and Regulation S. Major banks led the syndicate, and the notes will later be exchanged for publicly registered notes. This transaction gives SpaceX significant additional capital but does not indicate a software product or operational software change.

$ Funding

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