Report: SpaceX Now Seeking $750 Million Loan

SpaceX launches its Dragon cargo craft on a Falcon 9 rocket from Space Launch Complex 40 at Cape Canaveral Air Force Station in Florida at 5:42 a.m. EDT June 29, 2018. The early-morning launch is the company’s 15th resupply mission to the International Space Station under NASA’s Commercial Resupply Services contract. (Credit: NASA TV)

SpaceX is seeking a leveraged loan of $750 million in an effort being led by Bank of America, Bloomberg reports.

Bloomberg had earlier reported that Goldman Sachs was leading an effort to obtain $500 million in financing for Elon Musk’s company.

The reason for the change was not reported.