Space Exploration Technologies Issues $25B In Senior Unsecured Notes Across 5 Maturities Under Indenture With Bank Of NY Mellon; Issues $7B 5.35% Senior Notes Due 2031; Issues $6B 5.65% Senior Notes Due 2033; Issues $6B 5.88% Senior Notes Due 2036; Issues $2.5B 6.6% Senior Notes Due 2046; Issues $3.5B 6.65% Senior Notes Due 2056

On June 22, 2026, Space Exploration Technologies Corp. (the "Company") commenced an offering of senior unsecured notes (the "Offering"). On June 26, 2026, the Company entered into an indenture (the "Indenture") with The Bank of New York Mellon Trust Company, N.A., as trustee (the "trustee"), pursuant to which the Company issued $7.0 billion aggregate principal amount of its 5.350% Senior Notes due 2031 (the "2031 Notes"), $6.0 billion aggregate principal amount of its 5.650% Senior Notes due 2033 (the "2033 Notes"), $6.0 billion aggregate principal amount of its 5.875% Senior Notes due 2036 (the "2036 Notes"), $2.5 billion aggregate principal amount of its 6.600% Senior Notes due 2046 (the "2046 Notes"), and $3.5 billion aggregate principal amount of its 6.650% Senior Notes due 2056 (the "2056 Notes" and, together with the 2031 Notes, the 2033 Notes, the 2036 Notes, and the 2046 Notes, the "Notes"). The Notes were offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States, only to non-U.S. persons pursuant to Regulation S under the Securities Act.

The Notes bear interest at a rate of 5.350% per annum with respect to the 2031 Notes, 5.650% per annum with respect to the 2033 Notes, 5.875% per annum with respect to the 2036 Notes, 6.600% per annum with respect to the 2046 Notes, and 6.650% per annum with respect to the 2056 Notes. Interest on the Notes is payable semi-annually in arrears on January 15 and July 15 of each year, beginning on January 15, 2027. The Company will pay interest to those persons who were holders of record at the close of business on the January 1 or July 1 immediately preceding each interest payment date. The Notes are unsecured obligations of the Company and rank equally in right of payment with all existing and future unsubordinated indebtedness, liabilities and other obligations of the Company. The Indenture also contains customary event of default provisions.