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Chamath Palihapitiya
@chamath
Social Capital 8090 God is in the details.
Joined April 2007
1.2K Following    2.5M Followers
This SpaceX paper is money good and better than most sovereign debt. Also means that everyone else except IG-grade hypers will price at 10-12% in 2027.
SpaceX $SPCX is finalizing a $40 billion debt raise at sharply higher borrowing costs than its previous financing, according to Semafor. The lowest-rated portion is expected to carry an interest rate of around 8.3%, while a safer portion backed by AI chips could price near 7.75%. The safer portion is expected to price more than 1 percentage point above where SpaceX's existing bonds trade. The deal, led by Apollo and Goldman Sachs, is expected to be finalized next week.
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