SpaceX priced its first bond issuance, raising $25 billion through five tranches of senior unsecured notes with maturities ranging from 2031 to 2056.

The offering includes interest rates between 5.35% and 6.65% and was scheduled to settle on June 26. SpaceX said the proceeds would be used to repay outstanding borrowings under its bridge loan facility, cover related expenses and support general corporate purposes.

Source: spacex.com