Space Exploration Technologies Corp. (SPCX) announced the pricing of its inaugural offering of $25 billion in aggregate principal amount of senior unsecured notes. The offering is comprised of five tranches with maturities ranging from 2031 to 2056.

Key Details

  • Total Offering: $25 billion in senior unsecured notes across five tranches:
  • $7.0B of 5.350% Senior Notes due 2031
  • $6.0B of 5.650% Senior Notes due 2033
  • $6.0B of 5.875% Senior Notes due 2036
  • $2.5B of 6.600% Senior Notes due 2046
  • $3.5B of 6.650% Senior Notes due 2056
  • Use of Proceeds: The company intends to use the net proceeds to repay borrowings under its bridge loan facility, pay related fees, and use any remaining amount for general corporate purposes.
  • Expected Settlement: The offering is expected to close on June 26, 2026, subject to customary closing conditions.