SpaceX Seeks $40 Billion to Buy Nvidia Chips
SpaceX seeks $40 billion in Apollo-led debt to buy Nvidia AI chips, a preliminary plan that sent shares lower after hours and could test AI debt markets.
KEY TAKEAWAYS
- SpaceX is seeking about $40 billion in debt financing to buy Nvidia AI chips.
- Package reportedly splits into roughly $10 billion of bank loans and $30 billion of investment-grade debt.
- Discussions were described as early-stage and could close in 2027 if completed.
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SpaceX is reportedly seeking about $40 billion in debt financing led by Apollo Global Management to purchase Nvidia AI chips for its data centers. The discussions are described as early-stage and could close in 2027 if completed.
Financing Structure and Backers
The proposed financing would split into roughly $10 billion of bank loans and $30 billion of investment-grade debt. Apollo Global Management is expected to lead the effort and help market and distribute the debt. Pimco is reportedly among a small group of investment managers or lenders considering participation. No SEC filing, company press release, regulator notice, or official transaction announcement has been identified.
Nvidia Chips and Timing
The proceeds would fund Nvidia AI chips for SpaceX’s artificial-intelligence and data-center operations. Elon Musk reportedly said SpaceX plans to use Nvidia hardware exclusively and that its Colossus 2 data center could more than double its Nvidia chip count by December. The talks remain preliminary and could end without a completed transaction. If completed, the financing would represent concentrated capital demand for AI hardware and test investor appetite for AI-linked debt markets. The transaction is expected to close in 2027.
