Lates News

Standard & Poor's has rated SpaceX (SPCX.O) with a BBB credit rating. Standard & Poor's believes that SpaceX's launch and internet business performance is strong, but it is offset by the significant capital requirements and the uncertainty of the artificial intelligence business. Standard & Poor's stated: "This rating does not include SpaceX's long-term plans such as landing on the moon, traveling to Mars, constructing data centers in space, and building a large chip factory in Texas, as most of these plans are not yet quantifiable and therefore not within our rating scope. However, we note that if these plans are implemented, long-term financing may be required in the future." Standard & Poor's also provided a stable outlook, expecting that despite SpaceX's significant investment plans, its adjusted leverage ratio will remain below 2.0 times.