<p>作者：Echo Wang 和 David French</p><p>纽约 4 月 23 日（路透社）——根据一份监管文件，埃隆·马斯克的 SpaceX 上月借入了一笔 200 亿美元的过桥贷款，旨在为其即将在美国举行的重磅首次公开募股（IPO）前的部分现有债务进行再融资。这笔借款是路透社审阅的一份监管文件摘录中首次披露的，贷款方为一个未具名的银团。根据贷款条款，如果 SpaceX 在发行后六个月内未能通过其他资金来源偿还该笔贷款，则可能被强制要求使用其 IPO 所得资金进行偿还。</p><p>SpaceX 未回应置评请求。据悉，SpaceX 将于今年夏季上市，有望成为历史上规模最大的 IPO。这家火箭与人工智能巨头此前被报道预计将获得约 1.75 万亿美元的估值。相关信息载于 S-1 文件中，这是拟上市公司向美国证券交易委员会（SEC）提交的机密文件，用于向潜在投资者披露其业务和财务细节。路透社审阅了 SpaceX 提交的 S-1 文件摘录。该笔过桥贷款取代了五项现有的债务融资工具，其中两项是与马斯克旗下的 X 社交媒体平台挂钩的定期贷款，另外三项是由亿万富翁的人工智能企业 xAI 进行的借款。文件补充称，新贷款帮助 SpaceX 将截至 3 月 2 日的总债务降至 200.7 亿美元，而 2024 年底的总债务为 220.5 亿美元。过桥贷款是常见的融资工具，期限相对较短，通常会在稍后通过新的长期债务进行再融资。SpaceX 的这笔过桥贷款期限为 18 个月，并有可能延长两个三个月期。公司通常会在重大事件（如合并或大型收购）前后选择此类贷款，特别是当该举措预期对公司有利并最终降低其借贷成本时。</p>

RKLB

<p>By Echo Wang and David French</p>
<div class="lb-trans"><p>作者：Echo Wang 和 David French</p></div><p>NEW YORK, April 23 (Reuters) - Elon Musk’s SpaceX took out a $20 billion bridge loan last month to refinance much of its existing debt ahead of its blockbuster U.S. initial public offering, according to a regulatory filing. The borrowing, revealed for the first time in excerpts of its regulatory filings that were reviewed by Reuters, came from a syndicate of lenders which were not identified. Under the terms of the loan, SpaceX could be forced to use proceeds from its IPO to repay it, if it is not repaid with other funding sources within six months of the offering.</p>
<div class="lb-trans"><p>纽约 4 月 23 日（路透社）——根据一份监管文件，埃隆·马斯克的 SpaceX 上月借入了一笔 200 亿美元的过桥贷款，旨在为其即将在美国举行的重磅首次公开募股（IPO）前的部分现有债务进行再融资。这笔借款是路透社审阅的一份监管文件摘录中首次披露的，贷款方为一个未具名的银团。根据贷款条款，如果 SpaceX 在发行后六个月内未能通过其他资金来源偿还该笔贷款，则可能被强制要求使用其 IPO 所得资金进行偿还。</p></div><p>SpaceX did not respond to a request for comment. SpaceX is expected to be the largest IPO in history when it lists this summer. The rocket and artificial intelligence conglomerate is expected to garner a valuation in the range of $1.75 trillion, Reuters previously reported. The information was contained in an S-1 document, which companies preparing to go public file with the U.S. Securities and Exchange Commission to disclose details about their business and finances to potential investors. Reuters reviewed an excerpt of the SpaceX S-1, which was filed confidentially. The bridge loan replaced five existing debt facilities, of which two were term loans tied to Musk’s X social media platform and three borrowings by xAI, the billionaire’s artificial intelligence business. The new loan helped to reduce SpaceX’s total debt to $20.07 billion as of March 2, compared with $22.05 billion at the end of 2024, the filing added. Bridge loans are common financing tools with relatively short lifespans and are often refinanced at a later time with new, longer-term debt. The SpaceX bridge loan runs for 18 months, with the possibility of two three-month extensions. Companies often choose them around a major event, such as a merger or large acquisition, especially if that move is expected to be beneficial for the company and will ultimately lower its borrowing costs.</p>
<div class="lb-trans"><p>SpaceX 未回应置评请求。据悉，SpaceX 将于今年夏季上市，有望成为历史上规模最大的 IPO。这家火箭与人工智能巨头此前被报道预计将获得约 1.75 万亿美元的估值。相关信息载于 S-1 文件中，这是拟上市公司向美国证券交易委员会（SEC）提交的机密文件，用于向潜在投资者披露其业务和财务细节。路透社审阅了 SpaceX 提交的 S-1 文件摘录。该笔过桥贷款取代了五项现有的债务融资工具，其中两项是与马斯克旗下的 X 社交媒体平台挂钩的定期贷款，另外三项是由亿万富翁的人工智能企业 xAI 进行的借款。文件补充称，新贷款帮助 SpaceX 将截至 3 月 2 日的总债务降至 200.7 亿美元，而 2024 年底的总债务为 220.5 亿美元。过桥贷款是常见的融资工具，期限相对较短，通常会在稍后通过新的长期债务进行再融资。SpaceX 的这笔过桥贷款期限为 18 个月，并有可能延长两个三个月期。公司通常会在重大事件（如合并或大型收购）前后选择此类贷款，特别是当该举措预期对公司有利并最终降低其借贷成本时。</p></div>

独家：SpaceX 在提交 IPO 申请前通过 200 亿美元过桥贷款完成债务再融资