SpaceX finalizing $40B debt raise at sharply higher borrowing costs, Semafor reports

Semafor reports SpaceX is finalizing a $40 billion debt raise at sharply higher borrowing costs than its previous financing. The lowest-rated portion is expected to carry an interest rate of around 8.3%, while a safer portion backed by AI chips could price lower. The deal is being led by Apollo and Goldman Sachs.

Detected & updated continuously · Source: Nebula