SpaceX is seeking $40bn in financing to buy Nvidia chips, Reuters reports, citing the Financial Times. The reported plan shows the extraordinary sums now being assembled to secure computing power for AI, though this is a financing effort, not a completed deal.
Watch Desk analysis
What happened
Reuters says the FT, citing people familiar with the matter, reported that SpaceX is seeking about $10bn in bank loans and $30bn in investment-grade debt. Apollo is expected to lead the financing and help sell the debt to investors, with Pimco among lenders in talks, Reuters reports. The transaction is expected to close in 2027.
SpaceX, Apollo, Nvidia and Pimco had not immediately responded to Reuters’ requests for comment. The report describes a sought financing and an expected transaction, not money raised or a completed chip purchase. Read Reuters’ account.
Why it matters
A $40bn financing effort for AI chips is a striking measure of the capital required to build computing capacity at this scale. The reported split between bank loans and investment-grade debt also puts the financing structure in view, not just the headline order. If the plan proceeds, investors will be taking part in funding a major hardware purchase before its expected 2027 close.
Our read
The number is enormous; the important distinction is that this is still a reported effort to raise money, not a finished transaction. SpaceX’s appetite for Nvidia chips is a clear signal of demand, but the proposed financing and its eventual terms matter as much as the shopping list.
What to watch
- Whether SpaceX secures the reported $10bn in bank loans and $30bn in debt.
- Whether Apollo, Pimco or the named companies confirm the reported arrangement.
- Whether the transaction closes in 2027 as reported.
Discussion spark: If AI infrastructure projects increasingly depend on tens of billions in debt, is that a sensible way to fund long-lived capacity or a warning that the build-out is becoming too expensive?
Sources and evidence
- SpaceX Seeking to Raise $40 Billion to Buy Nvidia Chips, FT Says (6 October 2026, 22:57 UTC)
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