Bank of America Merrill Lynch is said to be leading the deal according to sources.

According to sources familiar with the matter at hand, Space Exploration Technologies Corp, also known as SpaceX, is looking to add $750 million in leveraged loans.

Bank of America Merrill Lynch is leading the deal.

A lenders presentation will be held by the SpaceX management team on November 7, 2018.

SpaceX was founded by CEO Elon Musk in 2002 as a way to transport humans to other planets using its rockets and spacecrafts.

According to Hawthorne, California-based SpaceX’s website, the company employs more than 6,000 people.

SpaceX did not immediately return requests for comment.