On October 7, 2026, Bloomberg reported SpaceX was in talks to borrow $40 billion for Nvidia chips, with $30 billion led by Apollo, less than two weeks after raising $25 billion in debt following its IPO. Musk now says the financing has closed, with funds arriving in the first and second quarters of next year, though the Apollo chip lease has no fixed rate set yet and starts in the first half of next year. The plan is to rent compute to AI rivals; Anthropic pays $1.25 billion a month, 26% of SpaceX revenue. Five-year credit default swaps rose to 194 basis points from 110 in June and price a 15% chance of default by 2031, though Bloomberg Intelligence says…