SpaceX (SPCX-US) Prepares $20 Billion Bond Issuance Amidst Index Inclusion

SpaceX (SPCX-US) is set for inclusion in major stock indices, including the Russell 1000 Index effective June 26, 2026, potentially attracting passive fund inflows from an estimated $8.9 trillion in assets. Concurrently, the company plans to issue at least $20 billion in investment-grade corporate bonds, with investor outreach expected as early as Monday, June 28, 2026. The bond issuance aims to refinance a $20 billion bridge loan due September 2027, following its $8.57 billion IPO. SpaceX has secured "BBB" to "Baa1" investment-grade ratings from S&P, Fitch, and Moody's. The stock, which initially surged 67% from its $135 IPO price on June 16, 2026, now trades 33% higher. Analysts, including Zephirin, rate SpaceX a "Buy" with a $310 target, while Oppenheimer raised its target to $250 on June 18, 2026, citing the acquisition of AI firm Cursor.