Standard & Poor's reports that it has assigned a BBB credit rating to SpaceX (SPCX.O) accompanied by a stable outlook. The agency highlighted that while the company's launch and interconnectivity operations have demonstrated robust performance, these strengths are counterbalanced by substantial capital expenditures and uncertainties surrounding its artificial intelligence ventures.

S&P explicitly excluded long-term strategic initiatives—such as lunar landings, Mars missions, orbital data centers, and a Texas-based chip fabrication facility—from the rating scope, noting these plans remain unquantifiable.

However, the agency warned that the eventual realization of these projects could necessitate significant long-term financing.

Concurrently, S&P maintained the stable outlook, projecting that SpaceX's adjusted leverage ratio will stay below 2.0x despite its expansive investment trajectory.