S&P Grants SpaceX 'BBB' Credit Rating
On June 19, S&P Global Ratings assigned SpaceX a 'BBB' issuer credit rating with a stable outlook, citing strong performance in its launch and connectivity businesses, but offset by significant capital requirements and uncertainties in its artificial intelligence operations. S&P expects SpaceX to maintain an adjusted leverage ratio below 2.0 times by 2029. S&P stated, 'We anticipate that leverage will peak in 2028, with S&P Global Ratings' adjusted leverage reaching 1.2 times, but will improve year by year as the company expands its connectivity business's revenue and profitability and begins to monetize its artificial intelligence operations.'
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