Benzinga / TradingView · 2026-10-05
Highest Yielding Hyperscaler Bonds in October 2026: SpaceX Joins Oracle Above 7.5%
As of Oct 5, Oracle's long-dated bonds yield up to 8.45% and SpaceX's up to 7.84% — both above 7.5% — against a 30-year Treasury at 5.63%. Oracle carries $169.1B in total debt vs $67.2B equity (debt/equity of ~71.6%), and spreads of ~247 bps over Treasuries signal the market is pricing meaningful credit stress for the two highest-leverage names in the AI-capex cohort. With 121 bonds from these issuers now yielding above 6%, the secondary market is tightening financing conditions even before any new issuance.
Value Add VC (citing Yahoo Finance, Fitch, Moody's ratings data) · 2026-10-02
AI Data Center Debt Is Showing Up Everywhere: CoreWeave's $35B Debt Load and $640M Quarterly Interest Keeps It Cash-Flow Negative
CoreWeave's total debt has reached ~$35B with approximately $640M in quarterly interest payments, keeping the largest public neocloud cash-flow negative despite rapid revenue growth. Moody's (Ba2) and Fitch (BB+) have rated its latest DDTL 5.5 facility just below investment grade at SOFR+550, flagging real credit risk in GPU-backed debt. The piece contextualises this alongside Lambda's third GPU-backed loan and Fluidstack's $10B facility, highlighting systemic leverage risk across the neocloud segment that underpins AI-capex for Alphabet, Meta, and other hyperscalers.
Benzinga · 2026-10-03
Oracle 20-Year Bond Yields 8.1%: Can The Stock Match It?
Oracle's 2046 bond trades near 85 cents on the dollar, yielding 8.1% (~247 bps over Treasuries), with every bond due after 2044 now yielding 7.85%–8.44%. BofA's Michael Hartnett flagged Oracle at 8.4%, Meta at 7.5%, and Alphabet at 6.9% as 'buy humiliation' trades after IG tech bond prices fell ~9% over the past year and yields rose from 4.5% to 6.2%. This signals a material repricing of AI-capex credit risk: Oracle's S&P downgrade to BBB- in July 2026 (one notch above junk) and its $169B debt pile mean any further rating action from Moody's would widen CDS and raise the cost of Oracle's planned ~$40B FY27 financing round.