Elon Musk's SpaceX seeks $500 million loan via Goldman: Bloomberg

By Kitco News / October 25, 2018 / www.kitco.com / Article Link

(Reuters) - Elon Musk's rocket company SpaceX is looking to borrow $500 million in the leveraged loan market through Goldman Sachs, which is leading talks with potential investors this week, Bloomberg reported on Thursday.

The news comes weeks after SpaceX picked Japanese billionaire Yusaku Maezawa as its first private passenger on a voyage around the moon.

SpaceX has upended the space industry with its relatively low-cost reusable Falcon 9 rockets.

It has completed more than 50 successful Falcon launches and snagged billions of dollars' worth of contracts, including deals with NASA and the U.S. Department of Defense.

Neither SpaceX nor Goldman Sachs immediately responded to Reuters' requests for comment.

Reporting By Aparajita Saxena in Bengaluru; Editing by Sai Sachin Ravikumar

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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