SpaceX credit risk jumps on worries over its borrowing spree
Leap in credit default swaps tracking Elon Musk’s aerospace group follows an FT report that it is seeking to raise $40bn to buy Nvidia chips
TL;DR
- Credit default swaps for SpaceX have seen a significant jump.
- This rise is linked to a Financial Times report.
- The report indicates SpaceX is seeking to raise $40 billion.
- The funds are intended for the acquisition of Nvidia chips.