SpaceX closes $40 billion debt deal for AI chips, Elon Musk says
Elon Musk announced on X that SpaceX has closed $40 billion in debt financing to purchase GPUs for artificial intelligence systems. The financing primarily consists of callable debt, with funds expected to arrive in the first and second quarters of 2027. Musk stated SpaceX is investment grade and generates revenue from Starlink and rocket launches.
Key points
- SpaceX closed $40 billion in callable debt financing for GPU purchases, Musk announced on X
- Funds expected in Q1 and Q2 2027; Bloomberg reported Goldman Sachs led talks with Apollo Global Management
- SpaceX's AI unit "Super Intelligence" revenue grew ninefold to $7.56 billion in Q3, per earnings release
Bloomberg previously reported, citing unnamed sources, that SpaceX was in talks with banks and investors led by Goldman Sachs, including Apollo Global Management, to raise $40 billion for Nvidia chips using a special purpose vehicle to keep debt off the balance sheet. SpaceX's AI segment, called "Super Intelligence," became its largest business unit, with third-quarter revenue surging ninefold to $7.56 billion from $813 million a year earlier, per its earnings release. Musk predicted widespread failures among more than 200 neocloud companies providing AI infrastructure, with only a small number surviving.
The story so far
3 episodes →- SpaceX closes $40 billion debt deal for AI chips, Elon Musk saysthis story
SpaceX closes $40 billion debt deal for AI chips, Elon Musk says
CNBC Technology · 26 October 2026
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