Standard & Poor's assigns SpaceX a "BBB" credit rating, with a stable outlook

BlockBeats News, June 19 — S&P has rated SpaceX (SPCX.O) with a credit rating of BBB. S&P believes that SpaceX's launch and connectivity businesses are performing steadily, but this is offset by huge capital requirements and uncertainties in the artificial intelligence business. S&P noted: "This rating does not include SpaceX's long-term plans such as landing on the Moon, traveling to Mars, building data centers in space, and constructing large chip factories in Texas, as most of these plans are not yet quantifiable and therefore outside our rating scope. However, we note that if these plans are advanced, long-term financing may be needed in the future."

S&P also provided a stable outlook, expecting that despite SpaceX's large investment plans, its adjusted leverage ratio will remain below 2.0 times. (Jin10)