SpaceX is seeking to raise about $40 billion in a financing plan led by Apollo Global Management, with the proceeds intended for Nvidia chip purchases and a broader expansion of its artificial intelligence efforts. According to people familiar with the matter, the package would include roughly $10 billion in bank loans and $30 billion in investment-grade debt, with completion expected in 2027. Pimco and other institutions are also said to be involved in the financing talks. SpaceX currently carries a BBB credit rating, the second-lowest tier within investment grade, a status that allows its bonds to be purchased by institutional investors such as insurers and pension funds. The plan would deepen ties between SpaceX and Nvidia. Elon Musk previously said SpaceX had decided to exclusively use Nvidia technology and described the company’s Vera Rubin architecture as the best AI computing architecture currently available. The proposed deal also points to the scale of funding now being drawn into AI data centers, chips and related infrastructure.
SpaceX is seeking to raise about $40 billion in a financing plan led by Apollo Global Management to fund Nvidia chip purchases and expand its investment in artificial intelligence, according to BlockBeats on Oct. 7.
People familiar with the matter said the proposed package includes about $10 billion in bank loans and $30 billion in investment-grade debt. The financing is expected to be completed in 2027, with Pimco and other institutions also involved in the talks.
SpaceX currently holds a BBB credit rating, the second-lowest rung of investment grade. That rating means its bonds can be bought by institutional investors including insurers and pension funds. The planned financing would also strengthen SpaceX’s relationship with Nvidia.
Elon Musk previously said SpaceX had decided to exclusively adopt Nvidia technology and called the Vera Rubin architecture the best AI computing architecture available at present.
The planned fundraising also highlights the large capital demand flowing into AI data centers, chips and related infrastructure. BlockBeats said SpaceX obtained an investment-grade rating after its June IPO and later issued $25 billion in senior bonds. Those bonds have since fallen in price as concerns grew over the company’s debt load and rising capital expenditures.
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