> In our model, we estimate SpaceX raising an average of $72bn annually between 2027 and 2030 and then an average of $95bn annually between 2031 and 2034 Ah. T

> In our model, we estimate SpaceX raising an average of $72bn annually between 2027 and 2030 and then an average of $95bn annually between 2031 and 2034 Ah. There it is. Even if that's all done as investment-grade debt (with a 50 bp underwriting spread), that's $3+ billion of banking fees.