BlockBeats News, June 19th, S&P has assigned a BBB credit rating to SpaceX (SPCX.O). S&P believes that SpaceX's launch and interconnectivity business have performed well, but are offset by significant capital needs and the uncertainty of its artificial intelligence business. S&P stated: "This rating does not include SpaceX's long-term plans such as moon landings, Mars missions, building data centers in space, and constructing a large chip factory in Texas, as most of these plans are not yet quantifiable and thus are not within the scope of our rating. However, we note that if these plans materialize, they may require long-term financing in the future."

S&P also provided a stable outlook, expecting that despite SpaceX's extensive investment plans, its adjusted leverage ratio will remain below 2.0x. (Economic Daily)