Deals·October 22, 2026 at 4:09 PM EDT·2 sources
SpaceX $40 billion debt deal gets pricey as AI fears spread
GS -1.8%TSLACRWV
GS · last 30 trading days-3.2% since the news
News
debt, log scale$40B
$100M$1B$10B$100B
What happened
- SpaceX is finalizing a $40 billion debt raise at sharply higher interest rates than its previous bond sale.
- The lowest-rated debt is expected to carry about 8.3% interest, while a chip-backed tranche may price around 7.75%.
- SpaceX bonds have weakened amid concerns over AI-related spending, debt levels and the CoreWeave debt selloff.
Debt raise
$40 billion
Lowest-rated tranche expected rate
about 8.3%
Chip-backed tranche expected rate
around 7.75%
Trump’s SpaceX bond purchase
$5 million
Why it matters
The pricing indicates tighter credit conditions for AI-linked infrastructure and raises financing-cost questions around SpaceX’s planned expansion in chips and data centers. It is relevant to debt investors, credit analysts and advisers tracking AI-related leverage.
What to watch. Final pricing is expected sometime next week and could change before the debt is finalized.
Deal terms
debt
SpaceX
Value
$40B
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Timeline
- EarlierOct 19Here are Monday's biggest analyst calls: SpaceX, Nvidia, Apple, CoreWeave, Amazon, Meta, Eli Lilly & more
- EarlierOct 19Tech Earnings Ahead: SpaceX, Meta to Test AI Monetization
- First reported by SemaforOct 22SpaceX $40 billion debt deal gets pricey as AI fears spread
- Bloomberg reportsYesterdaySpaceX $40 Billion Off-Balance Sheet Debt Snarled by AI Turmoil
Who is involved
SpaceX $40 billion debt deal gets pricey as AI fears spreadSpaceXtargetApolloGoldman SachsGSTeslaTSLACoreWeaveCRWVDonald Trump
CompanyAdvisorPerson
Sources (2)
- SemaforOct 22SpaceX $40 billion debt deal gets pricey as AI fears spread
- BloombergYesterdaySpaceX $40 Billion Off-Balance Sheet Debt Snarled by AI Turmoil
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