SpaceX reportedly seeks $40 billion in debt to buy Nvidia chips

SpaceX is reportedly in early talks to borrow approximately $40 billion. The money would go toward Nvidia AI chips for its data centers. The proposed package, reported on Oct. 6-7, 2026, would be split two ways: $10 billion in bank loans and $30 billion in investment-grade bonds. If negotiations proceed as expected, it would rank among the largest financings tied to AI expansion. The deal is projected to close by 2027. The details of the debt package Apollo Global Management is expected to lead the debt placement. PIMCO is in discussions as one of a small group of potential lenders. The stated goal is hardware. SpaceX wants to buy Nvidia chips to expand its artificial intelligence infrastructure. The centerpiece is the Colossus 2 cluster. SpaceX aims to significantly increase that cluster’s Nvidia chip count by December 2026. A caveat matters here. The talks are at a preliminary stage, and the financing might not materialize at all. Still, recent history suggests lenders will at least pick up the phone. SpaceX’s last bond sale drew nearly $90 billion in orders. That bond sale was for $25 billion. Demand ran more than three times the amount on offer. How SpaceX got to $150 billion i...