Elon Musk’s big borrowing spree after SpaceX’s equity issue: how much more can Big AI borrow?

Meanwhile, smaller and riskier companies are sweetening their financing structures to lure investors. For instance, Volta Infrastructure Holdings, an AI cloud services provider, is offering a $5 billion leveraged loan yielding about 11%. That’s one of the highest rates in the market. More unusually, the loan fully amortizes, which means the principal is paid down over its life rather than coming due in a lump sum at maturity, as is typical with corporate debt.