SpaceX seeks to raise $40 billion despite tension in its bonds
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Apollo and Pimco reportedly participated in this funding round By Bolsamania Bolsamania | Oct 7, 2026 SpaceX shares halted their rally this Tuesday after it was revealed that Elon Musk's aerospace company plans to raise $40 billion to buy Nvidia artificial intelligence (AI) chips. Specifically, the company rose a mere 0.49% after surging more than 7% both on Monday and last Friday. As exclusively reported by the 'Financial Times', this funding round is led by asset manager Apollo Global Management and will be structured through $10 billion in bank loans and another $30 billion in investment-grade debt issuances. Additionally, bond-focused firm Pimco is reportedly among the small group of financial institutions negotiating to finance the transaction, according to the British newspaper. Insurance and pension funds could buy SpaceX debt due to its 'BBB' credit rating, the second-lowest category within investment grade. Such funds typically maintain much more limited positions in high-yield-rated bonds, also known as junk bonds. The transaction is scheduled to close in 2027. SpaceX obtained an investment-grade rating shortly after its IPO, the largest in history, in which it raised about $86 billion in June. Less than two weeks later, it sold $25 billion in high-credit-quality bonds with maturities across five tranches between 5 and 30 years. "The issuance consisted of $7...
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