SpaceX plans to issue at least $20 billion in bonds to replace bridge loans

SpaceX plans to issue at least $20 billion in bonds to replace a $20 billion bridge loan due in September 2027. According to SpaceX's IPO filing submitted to the US Securities and Exchange Commission, as of March 31, this bridge loan accounted for the majority of the company's $29.1 million long-term debt. Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs, and Morgan Stanley jointly provided this bridge loan and will lead the underwriting of this bond issuance.