SpaceX credit risk rises amid reports of $40bn borrowing plan
UKPulse Money Desk
The credit risk associated with SpaceX has increased, following reports that the aerospace group is looking to raise $40 billion to acquire Nvidia chips.
- Credit default swaps tracking SpaceX have seen a leap.
- The rise follows an FT report regarding SpaceX's borrowing plans.
- SpaceX is reportedly seeking to raise $40 billion to buy Nvidia chips.
The credit risk for Elon Musk's aerospace company, SpaceX, has seen a notable increase. This follows a report indicating that the company is seeking to raise $40 billion.
The reported borrowing spree is intended to finance the acquisition of Nvidia chips. This development has led to a leap in credit default swaps that track the company.