# S&P Global Ratings

SpaceX Secures Investment-Grade Status: S&P’s ‘BBB’ Rating Validates Musk’s Long Game

S&P Global Ratings has assigned SpaceX an investment-grade 'BBB' rating with a stable outlook, citing its dominant launch and Starlink businesses. While capital needs for Starship remain high, the agency expects the company's financial leverage to peak in 2028 before improving through AI and connectivity revenue.