SpaceX nets investment-grade ratings as stock cools after historic IPO

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.