SpaceX reportedly in early talks to borrow about $40 billion for Nvidia chips

A market commentator says SpaceX is in early talks to borrow about $40 billion, mostly through bonds, to buy Nvidia chips for its AI business. They say the extra yield on its 30-year bond over Treasuries has risen to 2.38 percentage points from 1.75 when it sold in June. They don’t expect a cut to junk this year but see a decent chance of a downgrade warning before any borrowing closes.