S&P Grants SpaceX 'BBB' Credit Rating

CoinFeed June 19 news, according to Caixin reports, S&P Global Ratings has assigned SpaceX a 'BBB' issuer credit rating with a stable outlook, citing robust performance in its launch and connectivity businesses, offset by significant capital needs and uncertainty in its artificial intelligence ventures. S&P expects SpaceX to maintain adjusted leverage below 2.0x through 2029. S&P stated: 'We expect leverage to peak in 2028, with S&P Global Ratings-adjusted leverage reaching 1.2x, but thereafter improving annually as the company expands revenue and profitability from its connectivity business and begins monetizing its AI ventures.'