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.
