Market Turmoil Roils SpaceX's $40 Billion AI Chip Financing Deal

SpaceX's ambitious $40 billion debt offering to fund artificial intelligence infrastructure is encountering mounting headwinds as market turmoil drives up borrowing costs and complicates pricing negotiations. The aerospace and AI computing company is working to finalize an off-balance-sheet debt package structured as roughly $10 billion in bank loans and $30 billion in investment-grade bonds, with Apollo Global Management and PIMCO among the lead organizers. The proceeds would fund the purchase of Nvidia graphics processing units for SpaceX's data centers in Memphis, Tennessee—Colossus 1 and Colossus 2—which already generate billions in monthly recurring revenue from AI computing contracts.