SpaceX receives an investment-grade rating of BBB+ from Fitch Ratings, with a stable outlook.

SpaceX has been awarded a BBB+ long-term issuer default rating by Fitch, with a stable outlook. Fitch has also assigned a BBB+ rating to the company's senior unsecured revolving credit facility. "The BBB+ rating reflects SpaceX's leading position in the commercial launch sector. The barriers to entry in this industry are actually difficult to overcome during the rating forecast period. In addition, the company's recurring revenues from satellite communication services and ground artificial intelligence computing business are growing rapidly." "The stable outlook reflects Fitch's expectation that EBITDA growth will support leverage ratios remaining within or below the 2x to 3x target range set by management."