Overview
- The Financial Times reported on Wednesday that SpaceX intends to buy about $40 billion of Nvidia AI processors and is seeking roughly $10 billion in bank loans plus $30 billion in bond sales to pay for them.
- The financing is reported to be led by asset manager Apollo with bond investor Pimco involved in discussions, and the named companies had not confirmed the plan at the time of reporting.
- Reporters say the transaction is expected to close in 2027, though the timing and terms could change as the parties negotiate and seek investor commitments.
- The move follows Elon Musk’s recent signals that he wants to sharply increase use of Nvidia chips across his businesses and builds on Nvidia’s own efforts with partners to create financing platforms for large AI infrastructure projects.
- If completed, the purchase would shift large amounts of capital into chip supply and could accelerate firms’ ability to scale AI models while also raising questions about chip availability, market concentration, and investor appetite for massive hardware-backed bond deals.