Overview
- The Financial Times reported Tuesday that SpaceX is seeking about $40 billion in financing led by Apollo Global Management, with roughly $10 billion in bank loans and $30 billion in investment‑grade bonds, a package that people familiar with the matter say could close in 2027.
- The request is reported and not confirmed by SpaceX, Apollo or Nvidia, and coverage says firms such as Pimco have been in early talks to provide credit for the deal.
- Nvidia on August 10 signed nonbinding memorandums with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to create compute‑financing platforms aimed at mobilizing more than $500 billion to fund GPU purchases and data center build‑outs.
- Under the Nvidia MOUs the company may provide residual‑value guarantees of up to 25 percent on some projects, which would create sizable contingent vendor exposure if the program scales toward its target.
- Banks and investors have warned that GPUs can age quickly and may not make reliable long‑dated collateral, and market watchers say the SpaceX report and Nvidia’s program will be an early test of whether large bond and loan markets will absorb the surge in AI financing that Morgan Stanley estimates could reach roughly $1.5 trillion by 2028.