Space Exploration Technologies Corp. (SPCX) announced the issuance of $25.0 billion in aggregate principal amount of senior unsecured notes. The offering, which closed on June 26, 2026, consists of five separate tranches with maturities ranging from 2031 to 2056. The notes were sold in a private offering to qualified institutional buyers.
Key Details
- Total Offering: The company issued a total of $25.0 billion in senior unsecured notes.
- Note Tranches: The offering is composed of five distinct series of notes:
- $7.0 billion of 5.350% Senior Notes due 2031
- $6.0 billion of 5.650% Senior Notes due 2033
- $6.0 billion of 5.875% Senior Notes due 2036
- $2.5 billion of 6.600% Senior Notes due 2046
- $3.5 billion of 6.650% Senior Notes due 2056
- Terms & Agreements: The notes are unsecured obligations of the company. Interest is payable semi-annually on January 15 and July 15, beginning January 15, 2027. In connection with the offering, SPCX entered into a Registration Rights Agreement, committing to file a registration statement for a registered exchange offer for the notes.