SpaceX’s proposed $40 billion debt financing faced reported negotiating hurdles on October 23, when Bloomberg said credit-market volatility had complicated talks and pricing was being revisited. The proposed terms cover financing for the company’s compute expansion and Nvidia chip purchases, but the reported rates remain tied to specific portions of the deal.
An earlier NeoTeo report on SpaceX’s proposed Nvidia chip financing covered preliminary discussions about funding those purchases.
The reported rates apply to two proposed portions
On October 22, Semafor reported that the lowest-rated portion of the proposed financing was expected to carry an interest rate of about 8.3%. A safer portion backed by some SpaceX chips was expected to price at around 7.75%. Semafor attributed the figures to people familiar with the deal and said pricing could change.
| Reported portion | Description | Indicative rate reported October 22 |
| Lowest-rated portion | Lowest-rated part of the proposed financing | About 8.3% |
| Safer portion | Backed by some SpaceX chips | Around 7.75% |
The October 23 account described a later stage of negotiations, with pricing being revisited. These successive reports describe prospective terms, rather than a completed financing.
SpaceX’s June notes provide separate historical context
In June 2026, SpaceX issued $25 billion in senior unsecured notes, a type of bond that is not backed by specific collateral. The notes had reported coupon rates of 5.35% to 6.65% and maturities from 2031 to 2056. A coupon is the stated interest rate on a bond. Those figures belong to that earlier issue, not the proposed financing’s reported portions.
What SpaceX has said about funding compute expansion
On an October 20 earnings call, SpaceX CFO Bret Johnsen said the company was discussing several pools of debt capital. He also identified operating cash flow and relationships with customers and vendors as potential resources for funding growth, and described the expected payback period for compute deployments as short. His remarks did not set out a quantified allocation among those sources.
