SpaceX Takes Out $20 Billion Loan Ahead of Massive Summer IPO
Key Points: Elon Musk's SpaceX secured a $20 billion bridge loan to refinance existing debt ahead of its upcoming IPO. The company might have to use proceeds from the initial public offering to repay the massive loan. Wall Street expects the SpaceX IPO to be the largest in history, potentially valuing the company at $1.75 trillion. The new loan replaces five older debt facilities tied...