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Fitch rates SpaceX BBB+ above Tesla's BBB amid Musk's spending push

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  • Fitch rated Tesla BBB and SpaceX BBB+ as Musk's companies pursue capital-intensive technology projects.
  • Tesla plans more than $25 billion in 2026 capital expenditures, roughly triple its 2025 spending.
  • SpaceX reported 12 million Starlink subscribers and $4.3 billion in connectivity revenue at second-quarter end.
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