SpaceX is planning a new fundraising round led by Apollo that could raise as much as $40 billion, according to a Financial Times report cited by TechFlow and Jin10. The funding is intended to support a major expansion of the company’s computing capacity, with disclosed plans pointing to large-scale purchases of high-performance chips from Nvidia. Those chips would add to SpaceX’s underlying hardware base and support future artificial intelligence model training and supercomputing demand. The financing terms are still under discussion and have not been finalized, the report said. The update focuses on the scale of the proposed capital raise, the role of Apollo in leading the round, and the intended use of proceeds tied to AI and compute infrastructure.
SpaceX is planning a new financing round led by Apollo and is aiming to raise as much as $40 billion, according to a Financial Times report cited by TechFlow via Jin10 on Oct. 7.
The fundraising is intended to back an expansion of the company’s computing capacity. The report said the financing terms are still being worked out.
Under the disclosed plan, most of the proceeds would go toward large-scale purchases of high-performance computing chips from Nvidia. The chip procurement would expand SpaceX’s underlying compute hardware reserves and support future demand for artificial intelligence model training and supercomputing services.
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