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Pimco buys $4 billion in SpaceX AI bonds

Bloomberg · ·by G4L

SPCX Space Exploration Technologies Corp
$142.07 +5.81%
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  1. 1Pimco has purchased $4 billion in bonds as part of a large-scale financial transaction by SpaceX.
  2. 2SpaceX entered into equipment financing agreements totaling approximately $40 billion with a syndicate led by Apollo Global Management.
  3. 3In recent weeks, a yield range in the 8% range for the subordinated debt portion has been discussed.

So what's the key point?

Pimco bought $4 billion in SpaceX bonds. Through this transaction, Pimco can earn a return of around 8 percent.

Source Bloomberg · View original ↗

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