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SpaceX slashes first loan to $250 million

bizjournals Monday, 26 November 2018
SpaceX has another quarter of a billion dollars to work with as the Hawthorne, Calif.-based aerospace company pursues its ambitions beyond Earth’s orbit. Elon Musk’s company has secured a $250 million high-yield loan, Bloomberg first reported. There was enough interest in the debt for $750 million, but SpaceX opted to keep it to a third of that because the company is comfortable with its ability to generate cash on that size of loan, added The Wall Street Journal. The seven-year loan was priced…
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