BlockBeats News, June 22, Fitch Ratings has assigned a 'BBB+' rating to the senior unsecured bonds proposed by SpaceX (SPCX.O).

SpaceX announced today its inaugural investment-grade bond offering, marking the beginning of a massive fundraising effort to support its artificial intelligence vision following its record-breaking $75 billion IPO. According to SpaceX's filing, it has launched its inaugural senior unsecured notes issuance, "subject to market conditions and other factors." The filing elaborated that such notes will constitute SpaceX's unsecured indebtedness ranking equally with all existing and future unsubordinated debt, liabilities, and other obligations.

SpaceX sought to raise at least $20 billion through this offering last week. The proceeds will be used to repay a roughly equivalent-size interim bridging loan, which represents the vast majority of SpaceX's $29.1 billion long-term debt.