SpaceX shares slip about 1% after hours after report says it is seeking $40 billion financing for Nvidia chips
Reports that SpaceX is pursuing ~$40B of new financing to fund large Nvidia chip purchases pushed shares lower after hours as investors reassess leverage and capital intensity following a sharp recent rally. The structure (bank loans plus sizable investment-grade debt) highlights funding risk, especially with existing long-dated bonds reportedly trading weaker. Positive Starship and Starlink progress and bullish sell-side targets partially offset the near-term balance-sheet overhang.
AI Insight · NCSKSPCX2USD/USDTAI Insight
● Neutral
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
SpaceX was reported to be seeking $40 billion in financing to buy Nvidia chips, including about $10 billion in bank loans and $30 billion in investment-grade bonds, with completion expected in 2027. The company has already issued about $25 billion of bonds, and prices on some longer-dated debt have softened. Following the report, SpaceX shares fell about 1% in after-hours trading. Morgan Stanley maintained a bullish price target that remains well above the current share price.