SpaceX Secures $40 Billion Debt Package Led by Apollo for Nvidia AI GPUs

Pimco bought a $4 billion tranche of SpaceX's approximately $40 billion AI equipment debt package arranged by Apollo Global Management. The callable debt and lease financing will fund purchases of Nvidia's next-generation Vera Rubin GPUs, with hardware deliveries and five-year leases starting in the first half of 2027. CEO Elon Musk credited cash flows from Starlink and launches for securing credit while predicting failure for over 200 rival neocloud providers. The funding supports rapid AI growth, with SpaceX's AI unit generating $7.6 billion of its $14.6 billion total revenue in the third quarter.