As of October 5, 2026, the artificial-intelligence economy is driving corporate borrowing, with U.S.-listed bonds from major tech firms offering yields above 6%. According to data from TradingView, 121 corporate bonds meet this threshold, with Space Exploration Technologies Corp. (NASDAQ: SPCX) joining Oracle Corp. as the only issuers offering yields above 7.5%.
SpaceX has four bonds outstanding, all trading above 7.5% yield to maturity. The company’s 6.6% bond maturing July 15, 2046, is priced at 87.60 per $100 face value, while the 6.65% bond maturing July 15, 2056, trades at 88.03. The total outstanding value for these specific bonds is approximately $6.11 billion.
Oracle Corp. is the dominant issuer in this category, accounting for 51 of the 121 bonds yielding over 6%. The company has a total of $169.1 billion in debt against $67.2 billion in equity, resulting in a debt-to-capital ratio of 71.6%. Other major hyperscalers, including Amazon, Microsoft, Meta, and Alphabet, also have significant debt loads, with ratios ranging from 15.5% to 30.5%.
Market analysts note that while reported debt is high, the real leverage for these companies may be higher due to off-balance-sheet commitments. J.P. Morgan Asset Management estimates the hyperscalers could add $1.5 trillion in debt before reaching average investment-grade leverage levels. Additionally, S&P Global has warned that rising leverage is causing market participants to become leery of issuers with steady cash flows.
Oracle has explicitly outlined its funding needs, stating in its fiscal fourth-quarter release that it raised $43 billion in debt in fiscal 2026 and plans to raise roughly $40 billion in debt and equity in fiscal 2027.
