Space Exploration Technologies raised $25 billion through five tranches of senior unsecured notes carrying coupons from 5.35% due 2031 to 6.65% due 2056, with interest paid biannually starting January 2027. The Federal Trade Commission granted early antitrust clearance for Musk’s acquisition of AI hardware startup Mesh Optical Technologies.
SpaceX launched a private placement of $25 billion in senior unsecured notes across five tranches with maturities from five to 30 years. The largest tranche is $7 billion at 5.35% due 2031; other tranches include $6 billion at 5.65% due 2033, $6 billion at 5.875% due 2036, $2.5 billion at 6.60% due 2046 and $3.5 billion at 6.65% due 2056.
Interest on all tranches is paid January 15 and July 15 starting January 2027. SpaceX agreed to exchange the privately placed notes for registered securities within 540 days, enhancing future liquidity but raising leverage, which coincided with a 0.5% after-hours stock decline following a 17% weekly pullback.
The Federal Trade Commission granted early antitrust clearance for Musk’s acquisition of Mesh Optical Technologies, an AI infrastructure startup founded by former SpaceX engineers. The deal supports SpaceX’s strategy to deploy advanced optical transceivers in orbital AI compute networks, with financial terms undisclosed.
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