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Updated 1d ago
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SpaceX lands investment-grade ratings as shares tumble
SpaceX received investment-grade credit ratings and stable outlooks from Moody's, Fitch, and S&P Global. These ratings follow a record-breaking IPO that raised approximately $85.7 billion. The company is now reportedly preparing for a large bond offering to fund expansion and refinance debt.
What changed
SpaceX obtained first-time investment-grade ratings from three major agencies shortly after its record IPO.
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SpaceX Secures Investment-Grade Ratings Amid Share Price Drop
confidence 90%SpaceX received investment-grade credit ratings and stable outlooks from Moody's, Fitch, and S&P Global. These ratings follow a record-breaking IPO that raised approximately $85.7 billion. The company is now reportedly preparing for a large bond offering to fund expansion and refinance debt.
What's confirmed:
- Moody's, Fitch, and S&P Global assigned investment-grade ratings with stable outlooks to SpaceX.
- SpaceX's IPO raised around $85.7 billion, making it the largest initial public offering in history.
- SpaceX shares slid sharply on Thursday after the company's stock market debut.
Still unconfirmed:
- The company is using fundraising for a push into AI.