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SpaceX Seeks $40 Billion in Debt Financing to Buy Nvidia Chips for AI Expansion
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CNBC TV18•07-10-2026, 07:53
SpaceX Seeks $40 Billion in Debt Financing to Buy Nvidia Chips for AI Expansion
- •SpaceX is reportedly in talks with banks and investors to raise $40 billion of debt to purchase Nvidia chips for AI development.
- •The proposed fundraising involves about $10 billion in bank loans and $30 billion in investment-grade debt, with Apollo Global Management leading the financing.
- •The massive push for computing power aligns with Elon Musk's aggressive expansion plans for his xAI business, including the scaling of the Colossus 2 AI computing cluster.
- •Tech companies globally are borrowing hundreds of billions of dollars to build giant data centers and secure scarce AI hardware and power resources.
- •Apollo is part of a broader coalition of investment giants that partnered with Nvidia to source $500 billion in financing for AI infrastructure.
Key Questions Answered
SpaceX is in talks to raise $40 billion through debt, aiming to secure $10 billion in bank loans and $30 billion in investment-grade debt to purchase Nvidia chips for its artificial intelligence expansion.
Apollo Global Management Inc. is leading the financing for the $40 billion chip acquisition deal, which is expected to close in 2027.
Musk stated that the Colossus 2 AI computing cluster currently features 110,000 Nvidia GB200 chips and 440,000 GB300 chips, with further expansions planned.
