SpaceX Prepares $20B Bond Offering as KeyBanc Initiates 'Sector Weight' Coverage in Second Week of Trading

According to KeyBanc and Bloomberg reports, SpaceX initiated its second week of trading on Monday with a 'Sector Weight' rating from the brokerage, which highlighted Starlink as a key driver of profitable growth and artificial intelligence as a major long-term catalyst. SpaceX is preparing a bond offering of at least $20 billion, with proceeds to refinance a $20 billion bridge loan taken following its acquisition of xAI. Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs, and Morgan Stanley are expected to lead the deal.
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