SpaceX Wants $40 Billion More to Fund Its Nvidia AI Bet Faizan Farooque Wed, October 7, 2026 at 10:59 AM EDT SPCX -2.24% NVDA -0.82% APO -1.47% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Elon Musk's aerospace and AI business SpaceX (SPCX, Financials) is apparently aiming to raise another $40 billion of finance as its AI goals get pricier and pricier.
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People familiar with the situation said the corporation is planning to take out about $10 billion in bank loans and another $30 billion in investment-grade debt to acquire Nvidia processors. The acquisition is projected to close during 2027.
Apollo Global Management is likely to head the fundraising campaign and assist in distributing the loans to investors.
The acquisition would strengthen SpaceX's ties to Nvidia. The business announced in August it was going to develop completely on Nvidia hardware, touting its Vera Rubin architecture, Musk added.
But for investors, the real news may be how SpaceX is funding that expansion.
The corporation sold $25 billion of investment-grade notes soon after its $86 billion initial public offering in June. Those bonds later declined on fears of debt and capital spending. Recently, bonds maturing in 2056 were selling at around 85 cents on the dollar.
SpaceX's BBB rating still allows it to tap investment-grade purchasers like as pension funds and insurers. But additional $40 billion of funding would place even more of a spotlight on whether its AI initiatives can create profits soon enough to meet the expanding debt load.
The next driver will be finance arrangements and investor demand as SpaceX eyes a 2027 close.
