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SpaceX seeks US$500m loan via Goldman Sachs

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Elon Musk's rocket company SpaceX is seeking to borrow US$500 million in the leveraged loan market, according to three people familiar with the matter.

[NEW YORK] Elon Musk's rocket company SpaceX is seeking to borrow US$500 million in the leveraged loan market, according to three people familiar with the matter.

Goldman Sachs is leading the talks with potential investors this week, said the people, who asked not to be identified because the matter is private. Spokesmen for SpaceX and Goldman Sachs declined to comment.

Mr Musk is the chief executive officer, chairman and largest shareholder of both SpaceX and Tesla Inc. Closely held SpaceX's valuation has climbed to about US$28 billion as it has routinely launched and landed rockets for reuse, significantly reducing the cost of space travel. It's the third-most valuable venture-backed startup in the US after Uber Technologies Inc and Airbnb Inc.

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