SpaceX Seeks $40 Billion Debt Package to Buy Nvidia AI Chips

SpaceX is in talks to raise $40 billion in debt to fund exclusive purchases of Nvidia artificial intelligence processors, according to multiple reports. The financing package involves $10 billion in bank loans and $30 billion in investment-grade debt led by Apollo Global Management, targeting a close in 2027. The plan follows SpaceX's $86 billion initial public offering and a $25 billion bond issue in June. News of the heavy borrowing pushed SpaceX shares down about 2% and widened five-year credit default swap spreads to a record 194 basis points amid concern over mounting interest obligations.