The R&D debt machine is ratcheting up in 2026
Brian Buntz
More R&D-heavy companies are going into debt. SpaceX? Racked up $23 billion in debt in 2025. Its xAI subsidiary, itself funded through loans, stands to repay $17.5 billion in debt. Microsoft? While it has retained its “AAA” credit rating, its stock has tumbled 12% year to date, partly over spending concerns. The company, which is… The post The R&D debt machine is ratcheting up in 2026 appeared first on Research & Development World .