SpaceX’s $40 billion AI debt deal reportedly snarled by market turmoil

Bloomberg reports that market turmoil has driven up borrowing costs and complicated pricing talks for SpaceX’s planned $40 billion debt structure. Semafor reported on October 22 that the lowest-rated portion was expected to carry an interest rate of about 8.3%, citing people familiar with the deal. Semafor said pricing could change before the deal was finalized.