SpaceX tests debt market with five bonds
Elon Musk's aerospace company, SpaceX, plans to issue bonds divided into five tranches ranging from 5 to 30 years, with pricing spreads between 140 and 200 basis points above U.S. Treasury bonds. The goal is to raise at least $20 billion. The proceeds from the issuance will be used to repay existing loans and cover expenses, with credit ratings considered within the investment-grade debt category. This issuance follows the company's successful stock market performance and indicates its intent to capitalize on post-offering momentum and motivate investors.
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