SpaceX Announces Pricing of $25 Billion Inaugural Bond Issuance

Summary

Space Exploration Technologies Corp. (SpaceX) has priced its inaugural bond issuance, offering $25 billion in senior unsecured notes due between 2031 and 2056. The proceeds will be used to repay existing borrowings, cover fees and expenses, and for general corporate purposes. The offering is expected to settle on June 26, 2026, subject to customary closing conditions. The notes are being offered to qualified institutional buyers and non-U.S. persons outside the United States.