KUALA LUMPUR, Sept 2 (Bernama) -- Bursa Malaysia ended higher on Wednesday on bargain hunting following the recent sell-off, ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision on Thursday. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.20 points 1,708.74, compared with Tuesday’s close of 1,700.54. The benchmark index opened 0.42 of a point better at 1,700.96 and fluctuated between 1,695.89 and 1,709.71 throughout the day. On the broader market, losers trounced gainers 746 to 424, while 554 counters were unchanged, 1,048 untraded and 17 suspended. Turnover declined to 4.20 billion units valued at RM3.52 billion from 5.52 billion units valued at RM4.42 billion on Tuesday.
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...