On Thursday, SpaceX secured investment-grade credit ratings by all three leading agencies following its record stock market debut, though freshly traded shares plummeted rapidly.

Elon Musk’s aerospace giant secured first-time ratings from Moody’s, Fitch and S&P Global-a significant milestone that places its debt firmly in investment-grade territory and lowers its borrowing costs as it funds vast expansion.

In line with the report, the agency indicated the firm’s exceptional........

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