Business
SpaceX’s Strength in Space, Connectivity Supports Initial Credit Ratings, Firms Say
The three major credit ratings companies pointed to SpaceX’s SPCX -3.56%decrease; down pointing triangle competitive edge in its space and connectivity businesses in their initial ratings after the company made its stock market debut last week.
S&P Global Ratings, Moody’s Ratings and Fitch Ratings also noted risks tied to SpaceX’s capital needs and nascent artificial intelligence business in their initial ratings, which they disclosed on Thursday.
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