--- title: "SpaceX bridge loan cuts Musk's debt costs in half ahead of IPO" url: https://daily.dev/posts/spacex-bridge-loan-cuts-musk-s-debt-costs-in-half-ahead-of-ipo-j93l8mvjx source_url: https://thenextweb.com/news/spacex-bridge-loan-musk-debt-refinancing-ipo type: article source: "The Next Web" published: 2026-05-21T21:07:37.867Z updated: 2026-05-23T15:16:16.461Z tags: ["spacex", "ipo"] reading_time: 3 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # SpaceX bridge loan cuts Musk's debt costs in half ahead of IPO **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary SpaceX's IPO filing discloses a $20 billion bridge loan arranged by major banks including Goldman Sachs and JPMorgan, used to retire $17.5 billion in high-interest junk debt accumulated by X and xAI. The refinancing cut Musk's combined annual interest costs roughly in half to around $900 million, dropping the effective rate from as high as 12.5% to 4.58%. The move cleaned up SpaceX's balance sheet ahead of what is expected to be the largest IPO in history, targeting a Nasdaq listing under SPCX at a ~$1.75 trillion valuation with up to $75 billion raised. Despite the refinancing, SpaceX still carries significant debt including $9 billion in other financings and reported a $4.9 billion loss in 2025 on $18 billion in revenue. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [SpaceX draws $89 billion in demand for its debut bond sale, one of the largest US offerings this year](https://daily.dev/posts/spacex-draws-89-billion-in-demand-for-its-debut-bond-sale-one-of-the-largest-us-offerings-this-yea-vwpuiv68h) · The Next Web · 0 upvotes · 0 comments - [SpaceX kicks off its debut investment-grade bond sale](https://daily.dev/posts/spacex-kicks-off-its-debut-investment-grade-bond-sale-biqkmktsl) · The Next Web · 1 upvotes · 0 comments - [SpaceX raises $75B in largest IPO ever, Japan gets $2.2B](https://daily.dev/posts/spacex-raises-75b-in-largest-ipo-ever-japan-gets-2-2b-v2tnwtyng) · The Next Web · 0 upvotes · 0 comments --- Tags: [#spacex](https://daily.dev/tags/spacex), [#ipo](https://daily.dev/tags/ipo) [View this post on daily.dev](https://daily.dev/posts/spacex-bridge-loan-cuts-musk-s-debt-costs-in-half-ahead-of-ipo-j93l8mvjx)