SpaceX plans $40B debt raise for AI compute expansion
SpaceX is reportedly seeking a $40 billion debt raise to buy more Nvidia chips and expand its AI compute business, according to the Financial Times. The move would solidify SpaceX as a major customer for Nvidia, renting out its AI infrastructure to clients like Anthropic and Google. Analysts view this as a win for both companies, with Goldman Sachs raising its SpaceX price target to $230 and…
Key points
- SpaceX reportedly seeks $40B debt raise to buy Nvidia chips and expand AI compute for rentals to Anthropic and Google
- Goldman Sachs raises SpaceX price target to $230, calling it the top space name due to its multi-industry dominance
- OpenAI’s revenue estimates fluctuated last week: *FT* initially reported $20B below expectations, Bloomberg later cited $70B+ by year-end
The announcement follows SpaceX’s Thursday purchase of a nationwide spectrum portfolio, which could accelerate its Starlink mobile ambitions. While SpaceX isn’t part of Jim Cramer’s Club portfolio, the developments suggest Elon Musk’s vision for AI-driven growth may materialize faster than expected. The AI trade itself saw volatility last week after a Financial Times report suggested OpenAI’s annualized revenue was $20 billion lower than previously indicated, though Bloomberg later cited sources saying OpenAI expects at least $70 billion by year-end.
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CNBC Technology · 10 October 2026
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