SpaceX US$25bn inaugural senior notes (five tranches)
Repay the US$20bn bridge loan in full, fees and expenses, and general corporate purposes
Key terms
- Borrower or issuer
- SpaceX
- Date
- 23 Jun 2026
- Type
- Bond
- Amount
- US$25bn
- Pricing
- 5.350% (2031), 5.650% (2033), 5.875% (2036), 6.600% (2046), 6.650% (2056)
- Maturity
- 2031 to 2056
Recorded terms
- Structure
- Senior unsecured notes under Rule 144A and Regulation S: US$7.0bn due 2031, US$6.0bn due 2033, US$6.0bn due 2036, US$2.5bn due 2046 and US$3.5bn due 2056; make-whole calls to the par call dates
- Lenders and arrangers
- The Bank of New York Mellon Trust Company, N.A. as trustee
- Country
- US
Parties
- SpaceX borrower or issuer
- Lenders: BNY Mellon
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 Mar 2026 | SES €650m 7.375% perpetual hybrid | Bond | €650m |
| 29 Sep 2026 | SES €500m 5.625% notes due 2031 | Bond | €500m |
| 5 Mar 2026 | Eutelsat €1.5bn senior notes (5.75% 2031 and 6.25% 2033) | Bond | €1.5bn |
| 4 Dec 2025 | MDA Space C$250m 7.00% senior unsecured notes due 2030 | Bond | C$250m |
| 24 Jun 2025 | SES €1bn senior notes (4.125% 2030 and 4.875% 2033) | Bond | €1bn |
More from SpaceX
| Date | Financing | Type | Amount |
|---|---|---|---|
| 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 |
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
- SpaceX 8-K: SpaceX announces pricing of US$25bn inaugural bond issuance sec.gov · 23 Jun 2026
- SpaceX 8-K: indenture and issue of the senior notes sec.gov · 26 Jun 2026
About this record
Record ORB-2026-0028, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
