SpaceX just announced its first investment-grade bond sale after its record $85.7B IPO last week.
The company is issuing senior unsecured notes, which means big investors lend SpaceX money without getting specific assets as collateral.
The immediate goal is to repay a temporary bridge loan, a short-term debt tool companies use when they need cash before replacing it with longer-term financing.
Its IPO left it with $100.8B cash, a $2T + market value.
For this bond, Moody's issued a "Baa1" rating, Fitch a "BBB+" and S&P Global Ratings a "BBB"
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finance. yahoo .com/markets/stocks/articles/spacex-debuts-bond-sale-raise-134201086.html















