SpaceX's $40 Billion Financing Plan Reportedly Stalled, Investors Begin Reassessing Risks

According to Bloomberg, SpaceX's proposed $40 billion AI financing plan has faced roadblocks. Sources indicate that SpaceX plans to conduct fundraising through a special purpose entity (SPV), a financing structure that would allow it to move related liabilities off its balance sheet to protect its own investment-grade credit rating. However, recent turbulence in credit markets has complicated negotiations over borrowing costs, as investors begin reassessing the risks associated with financing large-scale AI infrastructure projects. Goldman Sachs is currently leading discussions with an investor group spearheaded by Apollo Global Management.