We advised the administrative agent, lenders and joint lead arrangers on the financing

Davis Polk the joint lead arrangers, lenders and administrative agent in connection with a $20 billion term loan bridge facility provided to Space Exploration Technologies Corp. (d/b/a SpaceX) to refinance existing debt of SpaceX and its subsidiaries.

SpaceX designs, manufactures and launches advanced rockets and spacecraft. The company was founded in 2002 to revolutionize space technology, with the ultimate goal of enabling people to live on other planets. The SpaceX group of companies also includes social media platform X, artificial intelligence company X.AI and Starlink, the world’s most advanced satellite constellation in low-Earth orbit, delivering reliable broadband internet.

The Davis Polk finance team included partners Vanessa L. Jackson and Sanders Witkow, counsel Darren Mahone and Roxanne Walton and associate Nick Swan. Members of the Davis Polk team are based in the New York and Washington DC offices.

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