SpaceX launches senior unsecured notes offering to repay bridge loan

Space Exploration Technologies Corp. (Nasdaq: SPCX), known as SpaceX, announced the start of its first offering of senior unsecured notes, subject to market conditions and other factors.

The notes will be unsecured obligations of SpaceX and will rank equally in right of payment with all existing and future unsubordinated indebtedness, liabilities, and other obligations of the company.

SpaceX said it intends to use the net proceeds to repay outstanding borrowings under its bridge loan facility in full, cover related fees and expenses, and direct any remaining amount toward general corporate purposes.

The notes are being offered to persons reasonably believed to be qualified institutional buyers under Rule 144A of the Securities Act of 1933, and to non-U.S. persons outside the United States under Regulation S. The notes have not been registered under the Securities Act or the securities laws of any other jurisdiction.

The company, founded in 2002 and based in Starbase, Texas, filed a Registration Statement on Form S-1 on May 20, 2026.

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