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Illustration: Sarah Grillo/Axios

SpaceX, the commercial space company led by Elon Musk, has launched a $750 million leveraged loan led by BofA Merrill Lynch. A meeting with prospective lenders is set for this morning, according to LevFin Insights.

Why it matters: This would be SpaceX's first foray into the institutional debt market, and could result in some of the company's financials becoming public.

SpaceX previously was said to be working with Goldman Sachs on a potential debt issue, so the use of BAML is a switch.

Thought bubble from Axios science editor Andrew Freedman:

"I’d like to see what the company is charging and making from customers for launches on recycled Falcon 9 rockets, which is a central piece of its business model - reducing the cost of access to space. Plus, where they’re at in terms of launch revenue and how dependent they are on government contracts. Also, costs related to the Big Falcon Rocket is could be crucial to evaluating the company’s viability several years down the road."

More: The new global race to space

Go deeper

Updated 10 mins ago - Politics & Policy

Senate action on stimulus bill continues as Dems reach deal on jobless aid

Photo: Alex Wong/Getty Images

Democratic leaders struck an agreement with Sen. Joe Manchin (D-W.V.) on emergency unemployment insurance late Friday, clearing the way for Senate action on President Biden's $1.9 trillion stimulus package to resume after an hours-long delay.

The state of play: The Senate continued to work through votes on a marathon of amendments overnight into Saturday morning.

The elusive political power of Mexican Americans

Data: Pew Research Center, U.S. Census Bureau; Chart: Michelle McGhee/Axios

Mexican Americans make up the nation's largest Latino group, yet they remain politically outshined by more recently arrived Cuban Americans.

Why it matters: The disparities in political power between Mexican Americans and Cuban Americans reflect the racial, historical, geographical and economic differences within Latino cultures in the U.S.

America's media habits divide along political and racial lines

Black social media users were twice as likely as white users to say they used a hashtag to promote a social or political issue, a Pew survey found. Photo: Wolfram Kastl/picture alliance via Getty Images

Race and identity play into the media platforms people use to advocate their politics, data show.  

Why it matters: People of color and Democrats are more likely to take to social platforms like Twitter to advocate for a cause, and to say that seeing something on social media changed their views. Republicans are increasingly turning to partisan outlets on TV, print and audio.