<p>作者：Echo Wang 和 David French</p><p>紐約 4 月 23 日（路透社）——根據一份監管文件，埃隆·馬斯克的 SpaceX 上月借入了一筆 200 億美元的過橋貸款，旨在為其即將在美國舉行的重磅首次公開募股（IPO）前的部分現有債務進行再融資。這筆借款是路透社審閲的一份監管文件摘錄中首次披露的，貸款方為一個未具名的銀團。根據貸款條款，如果 SpaceX 在發行後六個月內未能通過其他資金來源償還該筆貸款，則可能被強制要求使用其 IPO 所得資金進行償還。</p><p>SpaceX 未回應置評請求。據悉，SpaceX 將於今年夏季上市，有望成為歷史上規模最大的 IPO。這家火箭與人工智能巨頭此前被報道預計將獲得約 1.75 萬億美元的估值。相關信息載於 S-1 文件中，這是擬上市公司向美國證券交易委員會（SEC）提交的機密文件，用於向潛在投資者披露其業務和財務細節。路透社審閲了 SpaceX 提交的 S-1 文件摘錄。該筆過橋貸款取代了五項現有的債務融資工具，其中兩項是與馬斯克旗下的 X 社交媒體平台掛鈎的定期貸款，另外三項是由億萬富翁的人工智能企業 xAI 進行的借款。文件補充稱，新貸款幫助 SpaceX 將截至 3 月 2 日的總債務降至 200.7 億美元，而 2024 年底的總債務為 220.5 億美元。過橋貸款是常見的融資工具，期限相對較短，通常會在稍後通過新的長期債務進行再融資。SpaceX 的這筆過橋貸款期限為 18 個月，並有可能延長兩個三個月期。公司通常會在重大事件（如合併或大型收購）前後選擇此類貸款，特別是當該舉措預期對公司有利並最終降低其借貸成本時。</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>紐約 4 月 23 日（路透社）——根據一份監管文件，埃隆·馬斯克的 SpaceX 上月借入了一筆 200 億美元的過橋貸款，旨在為其即將在美國舉行的重磅首次公開募股（IPO）前的部分現有債務進行再融資。這筆借款是路透社審閲的一份監管文件摘錄中首次披露的，貸款方為一個未具名的銀團。根據貸款條款，如果 SpaceX 在發行後六個月內未能通過其他資金來源償還該筆貸款，則可能被強制要求使用其 IPO 所得資金進行償還。</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 未回應置評請求。據悉，SpaceX 將於今年夏季上市，有望成為歷史上規模最大的 IPO。這家火箭與人工智能巨頭此前被報道預計將獲得約 1.75 萬億美元的估值。相關信息載於 S-1 文件中，這是擬上市公司向美國證券交易委員會（SEC）提交的機密文件，用於向潛在投資者披露其業務和財務細節。路透社審閲了 SpaceX 提交的 S-1 文件摘錄。該筆過橋貸款取代了五項現有的債務融資工具，其中兩項是與馬斯克旗下的 X 社交媒體平台掛鈎的定期貸款，另外三項是由億萬富翁的人工智能企業 xAI 進行的借款。文件補充稱，新貸款幫助 SpaceX 將截至 3 月 2 日的總債務降至 200.7 億美元，而 2024 年底的總債務為 220.5 億美元。過橋貸款是常見的融資工具，期限相對較短，通常會在稍後通過新的長期債務進行再融資。SpaceX 的這筆過橋貸款期限為 18 個月，並有可能延長兩個三個月期。公司通常會在重大事件（如合併或大型收購）前後選擇此類貸款，特別是當該舉措預期對公司有利並最終降低其借貸成本時。</p></div>

獨家：SpaceX 在提交 IPO 申請前通過 200 億美元過橋貸款完成債務再融資