SPCX Plans $20B Bond Offering

more on SPCX SpaceX (SPCX.O) is planning an investment-grade US dollar bond offering of at least $20 billion to refinance a $20 billion bridge loan maturing September 2027, people familiar with the matter said.

Banks may begin investor calls as early as next week, with outreach possibly starting Monday; size and timing remain subject to change.

Proceeds would replace the bridge facility that, as of March 31, accounted for the bulk of SpaceX's $29.1 billion of long-term debt.

BofA, Citigroup, JP Morgan, Goldman Sachs and Morgan Stanley jointly provided the bridge and are expected to lead underwriting.