SpaceX Seeks $40 Billion Debt Package to Purchase Nvidia Chips

SpaceX is seeking to raise $40 billion in financing to fund a massive purchase of Nvidia artificial intelligence chips, according to a Financial Times report. The fundraising structure consists of approximately $10 billion in bank loans and $30 billion in investment-grade debt, with the transaction targeted to close in 2027. Private equity firm Apollo Global Management is anticipated to lead the financing and syndicate the package, while Pimco is among lenders in discussions. SpaceX uses Nvidia hardware for its Colossus data centers, powering its Grok model and renting capacity to third parties like Google and Anthropic.