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Texas, Oktober 7, 2026 – SpaceX is negotiating one of the largest corporate financing packages in recent memory, seeking $40 billion to purchase Nvidia’s advanced chips.
The move underscores Elon Musk’s ambition to dominate artificial intelligence infrastructure and highlights the escalating costs of compute power in the global tech race.
According to people familiar with the talks, Apollo Global Management is leading the financing effort, with Pacific Investment Management also reviewing the deal.
The package would combine $10 billion in bank loans with $30 billion in investment-grade debt, potentially closing in 2027.
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While discussions remain preliminary, the scale of the plan reflects Musk’s determination to secure long term access to Nvidia’s high performance processors, which are critical for training large-scale AI models.
The news immediately rippled through markets. SpaceX shares fell 1.2 percent in postmarket trading to $169.79 following the Financial Times report, while Nvidia stock rose fractionally, signaling investor confidence in continued demand for its chips.
Analysts note that the financing push is part of a broader trend: technology companies are borrowing hundreds of billions of dollars to expand AI computing capacity, driving up costs for land, chips, and power generation equipment.
Musk’s AI venture, xAI, already operates the Colossus 2 cluster, which hosts 110,000 Nvidia GB200 chips and 440,000 GB300s.
Plans are underway to add another 660,000 GB300 chips by late 2026, contingent on supply availability.
The expansion would cement Musk’s position at the center of the global AI infrastructure race, with Wall Street firms increasingly drawn into his orbit.
Apollo and Morgan Stanley have already been enlisted to test xAI’s Grok chatbot, deepening financial sector involvement in Musk’s projects.
The financing landscape is shifting rapidly. In August, Nvidia partnered with Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs, and KKR to source $500 billion in AI infrastructure financing.
These firms pledged to create large pools of capital at attractive rates for Nvidia customers, focusing on debt financing to expand compute access.
SpaceX’s $40 billion plan fits squarely into this strategy, positioning Musk as one of the most aggressive buyers of AI hardware.
Yet risks loom. A debt burden of this magnitude could strain SpaceX’s balance sheet, especially if AI demand slows or supply chain bottlenecks worsen.
Global competition for Nvidia chips remains fierce, raising the possibility of delays and inflated costs.
Investor sentiment is also fragile, as evidenced by SpaceX’s share dip after the financing news.
Still, Musk’s bet reflects a broader reality: AI’s insatiable demand for computing power is reshaping corporate finance.
SpaceX’s pursuit of Nvidia chips is not just about technology it is about securing dominance in the infrastructure underpinning the next era of artificial intelligence.
