SpaceX Seeks $40B Debt to Fund NVIDIA Chip Purchases Amid Credit Market Volatility

Key Facts

1SpaceX is seeking to raise $40 billion in fresh debt financing to purchase NVIDIA chips.

2SpaceX 5-year CDS spreads widened by 16.5bps to 197bps following the financing news.

3A $39bn US 10-year bond auction saw strong demand with a 5.30% high yield and 2.77x bid-to-cover ratio.

SpaceX is seeking to raise $40 billion in fresh debt financing to purchase NVIDIA chips. ZeroHedge reported that the move has caused credit markets to react nervously, with SpaceX 5-year credit default swap (CDS) spreads widening by 16.5bps to 197bps following the financing news.

NVIDIA closed at $237.47 on October 7, 2026, while Oracle closed at $143.56 on the same date, amid reports of similar large-scale financing deals in development for other major tech firms. In the sovereign debt market, a $39 billion US 10-year bond auction saw strong demand with a 5.30% high yield and a 2.77x bid-to-cover ratio, providing some stability to Treasury yields despite private sector credit jitters.