SpaceX(SPCX.O)启动首次高评级美元债发行。

A government-appointed committee will submit on Tuesday a draft pension overhaul backed by Chancellor Merz’s coalition that would introduce market-based savings, tighten early-retirement rules and phase up the retirement age in line with rising life expectancy. The proposal calls for phased supplementary contributions equal to 2% of total wages to be managed via a public fund vehicle and invested in capital markets. It would also remove an early-retirement route that allowed workers with 45 years’ contributions to retire early. The reform is one of the most divisive issues in the 13-month-old coalition and may face implementation risks amid Conservative–Social Democrat disagreement.

SpaceX filed to issue its first senior unsecured investment-grade notes, saying the deal could mark the start of a large fundraising wave to finance its AI ambitions after a record $75 bln IPO. The filing says issuance is subject to market conditions; the notes would be unsecured and pari‑passu with all existing and future non‑subordinated debt. Media reports say SpaceX is seeking at least $20 bln; proceeds would repay a temporary bridge loan of roughly that size, which makes up the bulk of the company’s $29.1 bln of long-term debt. Moody's and FITCH last week rated the debt Baa1 and BBB+ respectively—each three notches above junk—while S&P assigned BBB.