Other DebtExpired
xAI 12.5% Secured Senior Notes
SPCX-XAI30
$160.95▲ 19.22%
BTC Holdings
18,712 BTC
Total Debt
$29.13B
Leverage
1103.7%
mNAV
1749.05x
Outstanding
$0.00
Issue date
—
Principal
$3.00B
Coupon
12.50%
Maturity
2030-06-30
Conversion price
—
- Issued June 2025 at 100% of principal by X.AI LLC and X.AI Co Issuer Corp
- Repaid in full March 2, 2026 with SpaceX Bridge Loan proceeds
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured
- Payment frequency
- Semi-annual
- Payment dates
- Jan 15, Jul 15
- Rate type
- Fixed
- Prepayment
- Prepayment penalties: 106.25% before Jul 15, 2027; 103.13% before Jul 15, 2028
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-02 | Repayment | $0.00 Repaid with SpaceX Bridge Loan proceeds |
| 2025-06-30 | Issuance | $3.00B June 2025; exact date not disclosed |
- 2026-03-02 — $0Note 9 — Debt (interim)
- 2025-06-30 — $3,000,000,000Note 10 — Debt