Marathon Asset Management chairman and co-founder Bruce Richards says SpaceX is positioned well as it prepares for an anticipated initial public offering. Speaking on Bloomberg’s “Open Interest,” Richards describes SpaceX’s debt levels as normal and not unusual relative to the company’s business needs. He frames SpaceX as the “biggest rising star of all time” in credit, indicating strong investor interest and favorable market perception of the company’s financing outlook. The comments come as SpaceX approaches a record IPO, according to the coverage. Richards also says SpaceX is “very well positioned across the board,” suggesting broad strength beyond financing alone, though he does not provide detailed company figures in the excerpts. Overall, the sources report the same message: Richards sees SpaceX’s current leverage as consistent with expectations and views the company’s credit profile as exceptional amid its move toward public markets.
Marathon’s Bruce Richards calls SpaceX the top ‘rising star’ ahead of IPO
Marathon Asset Management chairman and co-founder Bruce Richards says SpaceX is positioned well as it prepares for an anticipated initial public offering. Speaking on Bloomberg’s “Open Interest,” Rich...
- Marathon Asset Management chairman Bruce Richards comments on SpaceX ahead of its planned IPO.
- Richards says SpaceX’s debt levels are normal.
- He calls SpaceX the “biggest rising star of all time” in credit.
- Richards says SpaceX is well positioned “across the board.”
- The remarks are reported in Bloomberg coverage ahead of a record IPO.
Even as SpaceX readies its record initial public offering, it’s already the “biggest rising star of all time” in credit, says Bruce Richards, chairman of Marathon Asset Management LP.
7 hours agoMarathon Asset Management CEO, Chairman and co-founder Bruce Richards says SpaceX's level of debt are normal ahead of its expected initial public offering. He says the company is very well positioned across the board. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
9 hours ago
Declan Rice says his mother scolded him after sunburn photos during England camp
Declan Rice says his mother reprimands him after he was left badly sunburned during England’s preparations in Florida ah...
Richard Keys steps away from beIN Sports ahead of World Cup, plans return to UK
Richard Keys is stepping back from his role in television coverage ahead of the FIFA World Cup after ending his long-ter...
Phil Mickelson expelled from San Diego golf club amid misconduct allegations
Multiple outlets report that professional golfer Phil Mickelson is no longer welcome at a San Diego-area club after alle...