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SpaceX Bankers Kick Off Marketing for Debut High-Grade Bond Sale

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX is selling investment-grade bonds for the first time in what’s expected to be the start of a massive borrowing spree to fund the company’s AI ambitions following its record $75 billion IPO.
Banks including Goldman Sachs Group Inc. are arranging calls with investors on Monday, according to a person with knowledge of the matter, who asked not to be identified because they’re not authorized to speak publicly. A bond sale is expected to follow, with maturities of between five and 30 years, according to the person.

For more, Carol Massar Tim Stenovec speak with Robert Schiffman, Bloomberg Intelligence Senior Technology Credit Analyst

 
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