SpaceX reportedly seeks $40 billion financing led by Apollo to buy Nvidia chips
SPCX•SpaceX reportedly plans to raise $40 billion, including $10 billion in bank loans and $30 billion in investment-grade debt, to buy Nvidia AI chips. The transaction is expected to close in 2027.
1. Proposed financing
SpaceX is looking to raise about $10 billion in bank loans and $30 billion in investment-grade debt for an Nvidia chip order, the report said. Apollo is expected to lead the deal and help place the debt with investors; Pimco is among lenders in talks to provide financing. The transaction is expected to close in 2027.
2. AI infrastructure spending
Morgan Stanley estimates AI infrastructure will require $1.5 trillion in external financing by 2028, while lenders and investors grow more cautious about funding the industry's expansion. SpaceX plans to use Nvidia hardware exclusively to build its data centers, Elon Musk said.
