SpaceX launches inaugural senior notes offering to repay bridge loan

SpaceX announced on June 22, 2026 the start of its inaugural offering of senior unsecured notes, subject to market conditions and other factors. SpaceX said it intends to use the net proceeds to repay the outstanding borrowings under its bridge loan facility in full, to pay related fees and expenses, and any remaining amount for general corporate purposes.

The filing does not state the size, interest rate or maturity of the notes, and says the timing of pricing and terms are subject to market conditions and other factors. The notes will be unsecured obligations that rank equally in right of payment with all existing and future unsubordinated indebtedness, liabilities and other obligations of the company.

They are being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S, and have not been registered under the Securities Act. In connection with the offering, SpaceX told prospective investors that it held approximately $100.8 billion in cash and cash equivalents as of June 19, 2026.

The company cautioned that its cash and cash equivalents as of June 30, 2026 may be materially different from that figure.