TL;DR
On October 26, 2026, Elon Musk said SpaceX has closed a $40 billion debt financing to purchase NVIDIA GPU chips for its AI build-out. Reports also cite a source saying parties were still negotiating final pricing as of October 25, so the deal was not fully completed.
Event Overview
On October 26, 2026, Musk posted on X that SpaceX has completed a $40 billion debt transaction to purchase chips, supporting its AI build-out. Musk said SpaceX's investment-grade credit rating, plus revenue from Starlink satellite internet and rocket launch business, enabled this off-balance-sheet financing. The funds are mainly for redeemable debt tied to GPUs arriving in the first and second quarters of 2027, with limited impact on the current quarter.
Key Information
| Item | Detail |
|---|---|
| Event date | October 26, 2026 (Musk's X post, media reports) |
| Financing size | $40 billion (debt, off-balance-sheet) |
| Use | Purchasing NVIDIA GPU chips for AI |
| Basis | Investment-grade rating + Starlink & launch revenue |
| GPU arrival | Q1 and Q2 of 2027 |
Accounts and Background
- Musk said the financing is "completed"; a Sina Finance report on October 26, 2026 cited a source saying parties were still negotiating final pricing as of Sunday (October 25) and the transaction was not finished. Both statements are presented as reported.
- Background: A Sina Finance report dated October 8, 2026 said Apollo Global Management and several banks were in talks with SpaceX to help arrange roughly $40 billion in NVIDIA GPU purchases, relying mainly on the investment-grade debt market; about two weeks after its mid-June IPO, SpaceX issued $25 billion in bonds.