SpaceX's proposed $40 billion AI financing plan has encountered obstacles as investors reassess risks associated with large-scale AI infrastructure projects. The company intended to raise funds through a special purpose vehicle (SPV) structure, designed to move related liabilities off its balance sheet and protect its investment-grade credit rating. Recent volatility in the credit market has complicated negotiations over borrowing costs, prompting investors to reconsider their exposure. Goldman Sachs is currently leading discussions with an investor group led by Apollo Global Management regarding the financing arrangement.