SPCX Falls Overnight: SpaceX Prices $25B Bond Sale To Refinance X, xAI Debt — Analyst Says Wait For ‘Better Entry’
The company has priced a $25-billion bond sale, and refinancing could lower annual interest costs to $1.5 billion, compared with $1.8 billion on prior X and xAI debt. SpaceX priced five tranches of senior unsecured notes with coupons ranging from 5.35% to 6.65% and maturities from 2031 to 2056. Proceeds will be used to repay … Read more