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Elon Musk's SpaceX took out a $20 billion bridge loan last month to refinance much of its existing debt.
SpaceX took out a $20 billion bridge loan last month to refinance existing debt.
KEY POINTS
- The loan's terms require IPO proceeds to repay it if not settled within six months post-IPO.
- The bridge loan replaced five debt facilities, including borrowings tied to Musk's X and xAI.
- SpaceX's total debt dropped to $20.07 billion after the refinancing, down from $22.05 billion.
COMPANIES
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