Multiple reports say SpaceX has increased its debt by billions of dollars while reducing the company’s annual interest costs. The coverage links the financing changes to SpaceX’s plans around its recent, widely reported $75 billion initial public offering, described as a major milestone for the company. One outlet frames the developments as happening ahead of the IPO and in the context of broader corporate restructuring. It notes that Elon Musk has moved to consolidate elements of his companies into a larger corporate structure that investors have valued highly despite SpaceX not yet turning a profit. Another outlet similarly focuses on the combination of higher overall borrowing and lower interest expense, characterizing it as a shift in financing terms rather than an immediate improvement in profitability. Together, the sources indicate that SpaceX’s capital structure is changing as it heads toward (or approaches) the IPO, with attention on both leverage and financing costs. They do not provide details that would confirm profitability, use of proceeds, or specific terms of the debt changes beyond the reported direction of those figures.