4 space financings involving US since 2015, each with its terms and primary sources.
Randeep Bubbra | Lawyer | Making space financeable
One square per financing, by date of signing, pricing or announcement. Volume in US$bn at approximate annual average rates; 2026 runs to 27 Oct 2026.
| Year | Bonds | Bank and acquisition loans | Total |
|---|---|---|---|
| 2021 | – | – | 0 · US$0m |
| 2022 | – | – | 0 · US$0m |
| 2023 | – | – | 0 · US$0m |
| 2024 | – | – | 0 · US$0m |
| 2025 | – | 1 · US$1.5bn | 1 · US$1.5bn |
| 2026 | 1 · US$25.0bn | 2 · US$25.0bn | 3 · US$50.0bn |
SpaceX US$25bn inaugural senior notes (five tranches), 23 Jun 2026.
| Type | Financings | Funded (US$) |
|---|---|---|
| Bank facility | 3 | US$26.5bn |
| Bond | 1 | US$25.0bn |
Bank of America (2), BNY Mellon (1), Goldman Sachs (1).
Counts are financings on file where the bank or lender is named. All lenders.
| Date | Financing | Type | Amount |
|---|---|---|---|
| 23 Jun 2026 | SpaceX US$25bn inaugural senior notes (five tranches) | Bond | US$25bn |
| May 2026 | SpaceX revolving credit facility upsized to US$5bn | Bank facility | US$5bn |
| 2 Mar 2026 | SpaceX US$20bn unsecured bridge loan refinancing X and xAI debt | Bank facility | US$20bn |
| 7 Feb 2025 | SpaceX US$1.5bn five-year revolving credit facility | Bank facility | US$1.5bn |
Totals are US$ equivalents of funded deals at approximate annual average rates; programme-level and conditional commitments are listed but left out. Records come from public, primary sources. How the register is built.
Deals, terms and the clauses behind them, for the people financing satellite operators, launch and space infrastructure. By Randeep Bubbra.
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