By Team StratNews
Publication Date: 2026-10-12 07:26:00
SpaceX Nvidia AI Chips Deal Could Reach $40 Billion
SpaceX is in talks with banks and asset managers to raise $40 billion to purchase artificial intelligence chips from Nvidia, according to a Reuters report citing two sources familiar with the matter.
The Elon Musk-led company is seeking approximately $10 billion in bank loans and another $30 billion in investment-grade debt to finance the proposed chip purchase, one source told Reuters, confirming an earlier report by the Financial Times.
SpaceX is also discussing financing with asset manager PIMCO, according to one of the sources. The deal remains private, and the sources declined to be identified.
Banks and Investors May Finance Chip Purchase
Apollo is expected to lead the financing arrangement and help distribute the debt among a broad range of investors, the Financial Times reported.
SpaceX and Nvidia did not immediately respond to requests for comment, while Apollo and PIMCO declined to comment.
The proposed transaction highlights the enormous financial requirements of the artificial intelligence boom, as technology companies compete to secure advanced processors and build the computing infrastructure needed to develop and deploy AI systems.
AI Infrastructure Drives Demand for Capital
The scale of the proposed SpaceX financing comes amid rising investment in data centres and advanced computing hardware.
Morgan Stanley estimates that AI infrastructure will require $1.5 trillion in external financing by 2028. However, lenders…
