SpaceX nets investment-grade ratings as stock cools after historic IPO
TL;DR
SpaceX received first-time investment-grade ratings from Moody's (Baa1, stable), Fitch (BBB+, stable) and S&P Global (BBB, stable) days after its record IPO that raised about $85.7 billion; the ratings could lower funding costs as SpaceX bankrolls its expansion, with Starlink as the main cash driver and AI ventures cited as growth prospects. Moody's warns of high capital needs, risk from Starship V3 delays, and governance concerns from SpaceX's concentrated control, even as the firm maintains strong revenue momentum through Starlink and anticipated AI deals.
- SpaceX lands investment-grade ratings as shares tumble Euronews
- SpaceX bankers prepare for potential $20 billion bond offering, sources say Yahoo Finance
- Elon Musk’s SpaceX plots $20bn bond deal after record IPO Financial Times
- Rapid follow-on financing after IPO! SpaceX (SPCX.US) reportedly plans to issue at least $20 billion in bonds, sending its stock price on a roller-coaster ride. Moomoo
- SpaceX Bankers Prepare for Bond Sale of at Least $20 Billion Bloomberg.com
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