$SPCX SpaceX lands $25 billion in US bonds, swapping out old debt saves $300 million in interest annually


SpaceX officially issues $25 billion in investment-grade bonds to replace previously high-cost liabilities.
This old debt was incurred during the acquisition of the X platform and the operation of xAI, originally carrying $17.5 billion in debt with annual interest payments of $1.8 billion.
Now, by consolidating into new bonds, the annual interest is reduced to $1.5 billion, saving a cool $300 million in financial expenses each year, completing their debt optimization.
#Get2SharesOfSKHynixAtZeroCost
SPCX3.80%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments