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Texas, Oktober 28, 2026 – SpaceX has raised an unprecedented $40 billion in callable debt to finance the purchase of advanced AI chips, marking one of the largest corporate debt deals in recent years.
The move underscores Elon Musk’s determination to position SpaceX as a dominant force in artificial intelligence, leveraging its investment grade credit status and diversified revenue streams to outpace rivals in the race for computing power.
The financing will primarily fund deliveries of Nvidia GPUs scheduled for the first half of 2027, with capital expenditures projected between $35 and $40 billion in the final quarter of 2026.
Musk described the initiative as essential to scaling SpaceX’s AI division, which he has branded “Super Intelligence.”
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The unit has already become the company’s largest revenue contributor, with AI related income surging nearly tenfold year on year to $7.56 billion in the third quarter.
Overall revenue climbed 161 percent to $14.58 billion, driven by Starlink subscriptions and rocket launches.
Musk also issued a stark warning about the future of neocloud providers firms such as Nebius and CoreWeave that rely heavily on AI data centers.
He argued that debt markets have “shut off access” for these companies, predicting widespread failures and consolidation.
SpaceX, he emphasized, will not pursue acquisitions in the sector, dismissing such strategies as “pointless.”
The company’s ability to secure financing at scale highlights its unique position in the AI infrastructure boom.
While smaller firms struggle to raise capital, SpaceX’s investment-grade rating and diversified operations give it a competitive edge.
The debt package allows Musk to accelerate GPU procurement while preparing for long-term independence through Terafab, a joint venture with Tesla aimed at producing proprietary AI chips.
Terafab expects to deliver its first test chip by mid 2027, with volume production slated for 2028.
Still, the aggressive expansion carries risks.
The $40 billion debt burden could weigh heavily if AI revenues fail to meet expectations, and investor skepticism about debt funded AI spending remains high.
Market volatility and execution challenges around chip manufacturing add further uncertainty.
Yet for Musk, the gamble reflects a broader vision securing SpaceX’s role not only as a space and satellite powerhouse but also as a central player in the global AI economy.
By combining Starlink’s steady cash flow with bold investment in computing infrastructure, SpaceX is betting that scale and speed will define the next frontier of technological leadership.
