Stories
SpaceX Seeks $40 Billion to Buy Nvidia AI Chips
M
Moneycontrol•07-10-2026, 07:28
SpaceX Seeks $40 Billion to Buy Nvidia AI Chips
- •SpaceX is planning to raise $40 billion, led by Apollo Global Management, to purchase Nvidia AI chips.
- •The fundraising strategy includes securing about $10 billion in bank loans and $30 billion in investment-grade debt.
- •The massive capital raise highlights the enormous infrastructure costs required to support the ongoing artificial intelligence boom.
- •Bond fund Pimco is among the lenders in talks to provide financing for the transaction, which is expected to close in 2027.
- •Elon Musk stated that xAI plans to exclusively use Nvidia hardware to build out its data centers and expand computing capacity.
Key Questions Answered
SpaceX plans to raise $40 billion, led by asset manager Apollo Global Management, to buy Nvidia AI chips. This proposed funding includes raising approximately $10 billion in bank loans and $30 billion in investment-grade debt.
The $40 billion capital raise is expected to close in 2027, with Apollo Global Management leading the deal and placing the debt across a broad range of investors. Bond fund Pimco is among a small group of lenders in talks to provide financing for the transaction.
Elon Musk stated that the company plans to use Nvidia hardware exclusively to build its data centers. Additionally, xAI's Colossus 2 data center could more than double the number of Nvidia chips it uses by December.
