Bank of America CorpBank of America is one of the banks providing bridge financing and expected to run the bond deal, generating fee income.
Bankers for Elon Musk's SpaceX are preparing to hold calls with investors as soon as next week to discuss a potential bond offering of at least $20 billion, according to people with knowledge of the matter. The calls may kick off on Monday, though plans and timing could change. The investment-grade US dollar bonds would refinance a temporary $20 billion bridge loan that matures in September 2027, which makes up the bulk of SpaceX's $29.1 billion of long-term debt as of March 31. Bank of America, Citigroup, JPMorgan, Goldman Sachs, and Morgan Stanley provided the bridge financing and are expected to run the deal. SpaceX has lined up investment-grade ratings from three major bond graders, paving the way for cheaper borrowing after its historic IPO.
Bank of America CorpBank of America is one of the banks providing bridge financing and expected to run the bond deal, generating fee income.
Goldman Sachs Group IncGoldman Sachs is one of the banks providing bridge financing and expected to run the bond deal, generating fee income.
Morgan StanleyMorgan Stanley is one of the banks providing bridge financing and expected to run the bond deal, generating fee income.
Citigroup Inc.Citigroup is one of the banks providing bridge financing and expected to run the bond deal, generating fee income.
JPMorgan Chase & CoJPMorgan is one of the banks providing bridge financing and expected to run the bond deal, generating fee income.
Space Exploration Technologies Corp. Class A Common StockSpaceX is preparing a bond offering of at least $20 billion to refinance debt, with investment-grade ratings secured, enabling cheaper borrowing.
Alphabet Inc Class C