October 25, 2018 / 4:22 PM / a month ago

Elon Musk's SpaceX seeks $500 million loan via Goldman - Bloomberg

FILE PHOTO: Tesla Motors CEO Elon Musk speaks during the National Governors Association Summer Meeting in Providence, Rhode Island, U.S., July 15, 2017. REUTERS/Brian Snyder/File Photo

(Reuters) - Elon Musk's rocket company SpaceX is looking to borrow $500 million (£390.1 million) in the leveraged loan market through Goldman Sachs (GS.N), which is leading talks with potential investors this week, Bloomberg reported here on Thursday.

The news comes weeks after SpaceX picked Japanese billionaire Yusaku Maezawa as its first private passenger on a voyage around the moon.

SpaceX has upended the space industry with its relatively low-cost reusable Falcon 9 rockets.

It has completed more than 50 successful Falcon launches and snagged billions of dollars’ worth of contracts, including deals with NASA and the U.S. Department of Defense.

Neither SpaceX nor Goldman Sachs immediately responded to Reuters’ requests for comment.

Reporting By Aparajita Saxena in Bengaluru; Editing by Sai Sachin Ravikumar

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