Less paywall.

Another article discussing this without mincing words:

“Equity investors are one thing, but bond guys are the grown-ups in the room,” Beauchamp told CNBC via email. “SpaceX might find it has its work cut out for it, but I suspect the market can absorb the issuance overall.”

I’m taking that to mean that SpaceX might have a bit of a valuation change as investors decide what they’ll pay to be a part of this grand adventure in creative accounting.