TREE NEWS reports: SpaceX’s credit risk gauge hit a record high Wednesday after reports that the company is in talks with banks and investors to raise $40 billion to buy Nvidia chips. ICE Data Services data showed SpaceX five-year credit default swaps widened as much as 14.5 basis points to about 195.4 basis points annualized, the highest intraday level since the CDS began active trading in June. The company’s 6.65% bonds due 2056 widened 12 basis points to 238 basis points, versus 175 basis points at issuance.
SpaceX Credit Risk Hits Record High on $40B Nvidia Chip Financing
The move matters less as a verdict on SpaceX's creditworthiness than as a signal of how bond and CDS markets are pricing a capital-intensive pivot toward AI infrastructure. A $40 billion chip-financing package would sit alongside existing leverage, and the widening of both CDS and the 2056 bonds from issuance levels suggests holders are repricing that added exposure rather than any operational setback. The open question is whether this financing is structured as debt or equity-linked, and whether the spread widening stabilizes once terms are disclosed.
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