# Elon Musk's SpaceX took out a $20 billion bridge loan last month.

*aerospace · news · 2026-04-24 · Benzinga*

## Key points

- SpaceX secured a $20 billion bridge loan last month to refinance existing debt before its IPO.
- The bridge loan consolidates five prior debt facilities, including two linked to X and three from xAI.
- SpaceX's total debt decreased from $22.05 billion to $20.07 billion as of March 2.
- If not repaid, IPO proceeds may be required to settle the loan within six months post-offering.

Elon Musk's SpaceX took out a $20 billion bridge loan last month to refinance much of its existing debt ahead of its planned U.S. initial public offering, according to excerpts from a confidential regulatory filing. Bridge Loan Reshapes SpaceX Debt Stack Reuters on Thursday said the borrowing came from an unidentified syndicate of lenders and that SpaceX could be required to use IPO proceeds to repay the loan if it is not otherwise paid off within six months of the offering. The details appeared in a confidential S-1 filing, the form companies submit to the U.S. Securities and Exchange Commission before going public to outline their finances, operations and risks to prospective investors. The loan replaced five earlier debt facilities, including two term loans tied to Musk's social media platform X and three borrowings by xAI, his artificial intelligence company. As a result, SpaceX's total debt fell to $20.07 billion as of March 2 from $22.05 billion at the end of 2024. The report by Reuters noted that the bridge loan runs for 18 months and can be extended twice for three months, fitting the standard mold of short-term financing later replaced by longer-dated debt. IPO Push Raises Enormous Financial Stakes AI Expansion Adds Fresh Financial Pressure Photo: Thrive Studios ID via Shutterstock

**Companies:** SpaceX
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/news/space/26/04/52022905/spacex-20bn-bridge-loan-refinancing-summer-ipo-report)

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