SpaceX seeks $20B debt after $75B IPO

SpaceX is returning to Wall Street for $20 billion in debt less than two weeks after its record-setting $75 billion IPO. The funds will refinance a bridge loan used for the February acquisition of xAI. Moody's, Fitch, and S&P gave SpaceX investment-grade ratings of Baa1, BBB+, and BBB.