‘A Lot of Leeway’: SpaceX’s High-Grade Debt Brings Out Skeptics (opens original article in a new tab)

SpaceX received an investment-grade credit rating from Moody's despite its heavy spending and negative cash flow, with agencies citing its market position and future growth potential.

• Moody's gave SpaceX a Baa1 investment-grade rating despite its heavy spending and negative cash flow.
• Credit agencies cited SpaceX's dominant position in the US space program and Starlink's revenue as reasons for the rating.
• S&P expects SpaceX to remain cash-flow negative until 2030 with rising debt levels.