SpaceX US$1.5bn five-year revolving credit facility
General corporate purposes; undrawn in 2025
Key terms
- Borrower or issuer
- SpaceX
- Date
- 7 Feb 2025
- Type
- Bank facility
- Amount
- US$1.5bn
- Maturity
- 7 Feb 2030
Recorded terms
- Structure
- Five-year senior unsecured revolving credit facility; maximum consolidated leverage of 3.75x (4.25x after qualifying acquisitions)
- Lenders and arrangers
- Bank syndicate; Bank of America, N.A. as administrative agent
- Country
- US
Parties
- SpaceX borrower or issuer
- Lenders: Bank of America
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Feb 2025 | Synspective ¥8.1bn syndicated term loan (2025) | Bank facility | JPY 8.1bn |
| 26 Mar 2025 | ispace ¥1.4bn Sumitomo Mitsui Trust Bank term loan (2025) | Bank facility | JPY 1.4bn |
| 31 Mar 2025 | Astroscale ¥3bn commitment line from Resona Bank (2025) | Bank facility | JPY 3bn |
| 15 May 2025 | ispace ¥5bn Mizuho Bank loan (2025) | Bank facility | JPY 5bn |
| 23 May 2025 | ispace ¥10bn Sumitomo Mitsui Banking Corporation loan (2025) | Bank facility | JPY 10bn |
More from SpaceX
| 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 |
M&A and investment involving SpaceX
| Date | Deal | Type | Value |
|---|---|---|---|
| 8 Oct 2026 | SpaceX purchase of an 800 MHz spectrum portfolio | M&A Announced | Not disclosed |
| 14 Aug 2026 | SpaceX acquisition of Cursor (Anysphere) | M&A | US$60bn |
| 12 Jun 2026 | SpaceX IPO on Nasdaq | IPO | US$86.25bn |
| 2 Feb 2026 | SpaceX acquisition of xAI | M&A | US$250bn |
| 8 Sep 2025 | SpaceX purchase of EchoStar AWS-4 and H-block spectrum | M&A Announced | US$17bn |
| 20 Jul 2022 | SpaceX equity raise of US$250m | Venture round | US$250m |
Sources
About this record
Record ORB-2025-0033, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
