SpaceX gets investment-grade ratings with stable outlook from top agencies

SpaceX on Thursday landed investment-grade credit ratings from Moody's, Fitch and S&P Global Ratings, each assigning a "stable" outlook after the Elon Musk-led company's high-profile initial public offering.

The consensus ‌signals broad ⁠confidence ⁠in SpaceX's financial stability, as the company moves ​forward with a costly and ambitious AI push ​in a competitive market.

Moody's issued a "Baa1" rating, Fitch a "BBB+" and S&P Global Ratings ​a "BBB" - all signaling ⁠that SpaceX's ‌debt is considered investment-grade, generally ​indicating ​a moderate credit risk with sufficient ⁠capacity to meet financial commitments.


Shares of SpaceX ​fell 1.1% in extended trading ​after they closed down nearly 4% on Thursday.

The company's valuation surged past $2 trillion following its blockbuster Nasdaq debut last week. Its shares soared ‌in their first two days of trading before giving up some ​gains as investors ​assessed ⁠whether the company's rich valuation can be justified by its costly AI push.

S&P said it ​views SpaceX's space and connectivity businesses as strong, but AI segment presents uncertainty due to high capital needs and competition.