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SpaceX bridge loan cuts Musk's debt costs in half ahead of IPO

SpaceX's IPO filing reveals a $20 billion bridge loan at 4.58% that replaced high-interest junk debt from X and xAI, saving nearly $1 billion a year.

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thenextweb.comStai leggendo2 mesi fa

SpaceX's IPO filing reveals a $20 billion bridge loan at 4.58% that replaced high-interest junk debt from X and xAI, saving nearly $1 billion a year.

The rocket maker’s IPO filing outlines billions in AI spending, Starship development, and Elon Musk’s effort to consolidate his companies.