SpaceX $40B debt deal gets pricey as AI fears spread
SpaceX is finalizing a $40 billion debt raise to buy Nvidia AI chips, led by Apollo and Goldman Sachs, at rates well above its previous issuance. The lowest-rated tranche is expected to price around 8.3%, and a safer chip-collateralized tranche is set to price next week at about 7.75% — over a percentage point higher than where SpaceX's existing bonds trade — because the AI loan market has pulled back sharply in recent weeks. It matters as a concrete market verdict on the AI debt binge: concern about AI borrowing is now showing up in the price of credit, not just commentary. Final pricing is expected next week and could still change.
SOURCES
- Hacker News (AI)2026-10-22 21:07