Credit turmoil complicates SpaceX’s reported $40 billion AI chip plan

SpaceX is reportedly finding it harder to finalize a proposed $40 billion financing package for Nvidia AI chips after recent credit-market swings lifted borrowing costs. The plan would reportedly put the debt in a separate financing vehicle rather than directly on SpaceX’s balance sheet, limiting the immediate pressure on its credit rating. But investors are now seeking better returns for lending to capital-intensive AI projects, making the pricing and terms harder to settle. The talks are unfinished and the deal could still change or fail, but the episode shows that the AI buildout depends not only on access to chips, but also on lenders’ appetite to fund them.