Broadcom, Oracle, and SpaceX pursue blockbuster debt deals amid AI buildout - WSJ Luke Juricic Wed, October 7, 2026 at 5:58 PM EDT 2 min read AVGO +0.19% ORCL -0.84% SPCX -2.51% APO -0.34% OPAI.PVT 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.
Investing.com -- Major artificial intelligence players, including Broadcom Inc (NASDAQ:AVGO), Oracle Corporation (NYSE:ORCL), and SpaceX (NASDAQ:SPCX), are in talks to secure blockbuster private debt deals worth tens of billions of dollars each to purchase AI hardware, according to reporting from The Wall Street Journal. The unprecedented rush for capital signals that traditional public bond markets and internal corporate cash flows are approaching their limits under the immense financial strain of global data-center expansion.
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Leading the wave of non-public debt negotiations, Broadcom is working to assemble a package exceeding $50 billion to finance custom AI chip production for OpenAI, engaging private market titans Apollo Global Management and Blackstone in early-stage talks. Broadcom's custom chip program, known internally as Nexus, aims to deploy multiple gigawatts of capacity through 2029 as tech firms seek alternative infrastructure to Nvidia's standard hardware.
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Concurrently, Oracle is negotiating with Apollo and Goldman Sachs on a dedicated financing framework aimed at procuring hardware for a 1-gigawatt data center facility. Under the proposed structure, private investors would fund an off-balance-sheet entity to buy the chips and lease them back to Oracle, allowing the cloud provider to expand capacity without overleveraging its corporate balance sheet against deeper-pocketed hyperscale rivals.
The broader migration toward alternative capital extends beyond traditional cloud providers. SpaceX has recently engaged lenders regarding a $40 billion debt structure to acquire Nvidia processors, while AI developers like OpenAI and Anthropic increasingly seek direct infrastructure ownership to curb long-term cloud rental expenses.
With primary target deadlines set for the end of the year, Wall Street's private credit ecosystem is rapidly morphing into the central financial backstop for the AI build-out. As public debt markets reach capacity, private credit funds and investment banks are poised to absorb the capital requirements driving the next phase of tech expansion.
Broadcom, Oracle, and SpaceX pursue blockbuster debt deals amid AI buildout - WSJ
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