SpaceX announced this Tuesday, the 23rd, the price of its previously announced inaugural bond offering, which generated fundraising of US$25 billion.
Elon Musk’s company raised US$7 billion in Senior Notes with an interest rate of 5.350% due in 2031, US$6 billion in Senior Notes with an interest rate of 5.650% and due in 2033, US$6 billion in Senior Notes with an interest rate of 5.875% and due in 2036, US$2.5 billion in Senior Notes with an interest rate of 6.600% and due in 2046 and US$3.5 billion in Senior Notes with interest of 6.650% and due in 2056.
Financial settlement of the offering is scheduled for June 26, 2026, subject to customary closing conditions.
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SpaceX intends to use the net proceeds from the funding to fully repay outstanding loans under a bridge line of credit, to pay related fees and expenses, and any remaining amount for general corporate purposes.
The bond issuance was increased in light of the initial proposal to raise US$20 billion, after demand for the securities reached almost US$90 billion, according to people familiar with the operation who requested anonymity because the details are private, according to the Bloomberg.
The securities transaction comes after the initial public offering of shares raised US$85.7 billion. Last week, SpaceX received ratings equivalent to investment grade in the three main credit risk assessment agencies due to the lack of competitors capable of replicating the company’s activities, which obscures the execution and financial risks involved in its business.
