KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
SpaceX is preparing for its IPO with investment-grade credit backing , a rare move for a loss-making company. This could significantly lower borrowing costs and unlock massive funding capacity for its next growth phase. What Happened SpaceX is said to have secured investment-grade ratings from major agencies IPO expected to raise ~US$75 billion Likely to issue debt shortly after listing SpaceX is positioning itself to access cheaper, large-scale financing immediately after IPO. Why This Is Unusual Typically, investment-grade companies have: Stable profits Predictable cash flows But SpaceX: Reported US$4.28 billion loss (latest quarter) Still received strong credit backing This breaks traditional credit rules showing how powerful its future revenue visibility is. What’s Supporting the Credit Strength Despite losses, SpaceX has massive contracted revenue: US$30B deal with Google (cloud services) ~US$45B agreement with Anthropic (AI-rel...