SpaceX bankers to start investor calls for $20bn bond sale

Investing.com -- Bankers for Elon Musk’s SpaceX are preparing to hold calls with investors as soon as next week to discuss a potential bond offering following the company’s record initial public offering, according to a report from Bloomberg News, citing people with knowledge of the matter.

The US-dollar-denominated bonds will help refinance a temporary $20 billion bridge loan set to mature in September 2027. This bridge loan represents the majority of SpaceX’s $29.1 billion in long-term debt as of March 31.

Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs, and Morgan Stanley are expected to manage the deal. These institutions previously provided the initial bridge financing.

Plans and timing for the offering remain subject to change, according to sources.

You May Also Be Interested In

• Argus Starts SpaceX (SPCX) at Hold
• Active options: SPCX POET INTC NOK WULF WEN AMD AVGO GOOGL SOFI BABA
• Doncasters (DPC) indicating open around $40, IPO priced at $33