# Elon Musk 的 SpaceX 上月取得 200 億美元過渡貸款，以再融資其大部分現有債務。

*aerospace · news · 2026-04-24 · The Manila Times*

## Key points

- SpaceX 上月取得 200 億美元過渡貸款，以在 IPO 前再融資現有債務。
- SpaceX 融資背後的貸款聯貸團在監管文件中未被指明。
- 若未另行償還，SpaceX 必須在六個月內以 IPO 募資款償還該貸款。
- 該過渡貸款取代了與 Musk 的 X 和 xAI 事業相關的五筆獨立債務設施。

NEW YORK — Elon Musk’s SpaceX took out a $20-billion bridge loan last month to refinance much of its existing debt ahead of its blockbuster US initial public offering (IPO), according to a regulatory filing. The borrowing, revealed for the first time in excerpts of its regulatory filings that were reviewed by Reuters, came from a syndicate of lenders which were not identified. Under the terms of the loan, SpaceX could be forced to use proceeds from its IPO to repay it, if it is not repaid with other funding sources within six months of the offering. SpaceX is expected to be the largest IPO in history when it lists this summer. The rocket and artificial intelligence conglomerate is expected to garner a valuation in the range of $1.75 trillion, Reuters previously reported. The information was contained in an S-1 document, which companies are preparing to go public with the United States Securities and Exchange Commission to disclose details about their business and finances to potential investors. Reuters reviewed an excerpt of the SpaceX S-1, which was filed confidentially. The bridge loan replaced five existing debt facilities, of which two were term loans tied to Musk’s X social media platform and three borrowings by xAI, the billionaire’s artificial intelligence business. The new loan helped to reduce SpaceX’s total debt to $20.07 billion as of March 2, compared with $22.05 billion at the end of 2024, the filing added. Bridge loans are common financing tools with relatively short lifespans and are often refinanced at a later time with new, longer-term debt. The SpaceX bridge loan runs for 18 months, with the possibility of two three-month extensions. Companies often choose them around a major event, such as a merger or large acquisition, especially if that move is expected to be beneficial for the company and will ultimately lower its borrowing costs.

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

[Read the full story on The Manila Times](https://www.manilatimes.net/2026/04/25/business/foreign-business/spacex-refinanced-debt-with-stopgap-20-billion-loan-before-ipo-filing/2328087)

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