SpaceX Reportedly Seeks $40 Billion Debt Package to Buy Nvidia AI Chips
The reported plan would sharply raise the company’s leverage because it ties growth to rapid monetization of large-scale terrestrial and orbital compute capacity.
Overview
- Multiple reports say the financing would split roughly into $10 billion of bank loans and $30 billion of investment-grade bonds with Apollo Global expected to lead and institutional investors such as PIMCO showing interest.
- SpaceX intends to use the proceeds to buy large quantities of Nvidia GPUs for its data centers and planned orbital compute systems as it accelerates hosted-AI services.
- The company is targeting about two gigawatts of AI compute by year-end, up from roughly 1.4 GW at the end of the second quarter, to support announced hosting contracts and recurring revenue goals.
- Regulators have reportedly cleared SpaceX to add 15,000 Starlink Mobile satellites and to use spectrum linked to EchoStar and certain T-Mobile frequencies, which would tie connectivity to its compute strategy.
- Despite roughly $100 billion in cash, investors remain cautious after earlier bond sell-offs and high valuation multiples because the deal would increase debt and depends on chips converting quickly into revenue.