$40 Billion Bond Issuance, Interest Rate as High as 8.3%! SpaceX (SPCX.US)'s AI Gamble Also Exposes the "Financing Winter" of AI Infrastructure

Zhitong Finance APP has learned that, according to media reports citing people familiar with the matter, SpaceX (SPCX.US) is preparing to complete a debt issuance of up to $40 billion, with interest rates significantly higher than its previous borrowing costs, reflecting growing investor concerns about financing for artificial intelligence (AI) infrastructure. According to people familiar with the matter, the riskiest portion of the issuance is expected to yield about 8.3%, while a relatively lower-risk tranche of debt backed by some of the company's computing chips may carry an interest rate of about 7.75%.