SpaceX issues $25 billion in senior unsecured notes across five tranches

• The offering includes five series: $7.0 billion due 2031 (5.350%), $6.0 billion due 2033 (5.650%), $6.0 billion due 2036 (5.875%), $2.5 billion due 2046 (6.600%), and $3.5 billion due 2056 (6.650%).
• The indenture limits secured debt to 2% of consolidated total assets, but SpaceX excluded its Starbase, Texas, and Hawthorne, California, campuses from the principal property definitions used for covenant calculations.
• SpaceX must exchange the notes for registered securities within 540 days; failure to meet this deadline will trigger an interest rate increase of 0.25% per annum for the first 90 days, rising to 0.50% thereafter.
• The company may redeem the notes before their par call dates at a make-whole price based on Treasury rates plus a spread ranging from 20 to 30 basis points.

SpaceX prices $25 billion inaugural senior unsecured notes offering

• The $25 billion issuance includes five tranches maturing between 2031 and 2056, with interest rates ranging from 5.350% to 6.650%.
• SpaceX will use the proceeds to fully repay its outstanding bridge loan facility and for general corporate purposes.
• The notes are senior unsecured obligations that rank equally with all existing and future unsubordinated debt.
• Settlement is expected on June 26, 2026, following the company's S-1 registration statement filing in May 2026.

SpaceX launches inaugural notes offering, reports $100.8 billion cash balance

• SpaceX will use the net proceeds from the senior unsecured notes offering to fully repay its outstanding bridge loan facility.
• As of June 19, 2026, SpaceX reported $100.8 billion in cash and cash equivalents.
• The notes will rank equally with all other existing and future unsubordinated debt.
• Remaining funds after the debt repayment will be used for general corporate purposes and associated fees.

SpaceX elects Sequoia Capital's Roelof Botha to Board and Audit Committee

• Botha has been with Sequoia Capital since 2003 and previously served as the CFO of PayPal from 2000 to 2003.
• SpaceX does not provide cash or equity compensation to its non-employee directors.
• Botha was elected as an independent Common Stock Director effective June 16, 2026.
• A family member of Botha has been employed by SpaceX enterprise operations since January 2025.

SpaceX to acquire Anysphere for $60 billion in all-stock merger

• SpaceX exercised a call option to acquire Anysphere (also known as Cursor) at an implied equity value of $60 billion, with the transaction expected to close in Q3 2026.
• Anysphere shareholders will receive SpaceX common stock based on an exchange ratio determined by SpaceX's seven-day volume-weighted average price if public, or its most recent 409A valuation if private.
• The merger is structured as a tax-free reorganization and requires Anysphere to deliver majority stockholder approval within 48 hours of the agreement signing.
• Unvested Anysphere equity awards will convert into SpaceX awards with identical vesting schedules and terms, and Anysphere will operate as a wholly owned subsidiary of SpaceX.

SpaceX completes $86 billion initial public offering at $135 per share

• SpaceX sold approximately 639 million Class A shares, including the full exercise of the underwriters' option, to fund AI infrastructure, launch vehicle upgrades, and satellite capacity.
• Elon Musk maintains control of the company through Class B shares, which carry 10 votes per share and grant him the right to elect at least 51% of the board of directors.
• Under the new corporate structure, Elon Musk serves as Chairman and CEO and cannot be removed without the approval of a majority of Class B shareholders.
• SpaceX will bypass traditional wire services to announce financial results and material developments through its investor relations website and X account.