SpaceX is negotiating to secure $40 billion in financing specifically for acquiring Nvidia artificial intelligence chips, multiple news outlets reported this week. The Financial Times first broke the story on Tuesday, with Bloomberg subsequently confirming that discussions are taking place among people with direct knowledge of the negotiations.
Neither SpaceX, Nvidia, nor any of the financial institutions involved have made public statements to verify these claims. Both reports depend entirely on anonymous sources within the companies and financial sector.
Deal structure and participants
According to the Financial Times, the financing arrangement would combine approximately $10 billion in traditional bank lending with $30 billion in investment-grade bonds—debt instruments marketed to investors who view the borrower as presenting minimal risk.
Apollo Global Management would orchestrate the transaction and distribute the debt across a broad investor base, the publication reported. Pimco, a major bond investment fund, is among the financial firms currently in discussions about participating in the arrangement, according to both news sources.
Timeline and deal status
The two outlets diverge on how advanced these negotiations have progressed. Sources cited by the Financial Times indicated the transaction could reach completion by 2027. Bloomberg's sources, by contrast, characterized the discussions as preliminary, noting that negotiations could ultimately collapse without reaching an agreement. The financing would represent one of the largest packages assembled to date for artificial intelligence infrastructure expansion.
SpaceX's AI infrastructure strategy
The chips would power SpaceX's growing network of artificial intelligence data centers. During August, Elon Musk announced that the company would construct these facilities exclusively using Nvidia equipment. In the following month, Musk disclosed that the Colossus 2 facility could expand its Nvidia processor capacity by more than one hundred percent before the end of the year.
Beyond internal use, SpaceX generates revenue by leasing this computational capacity to external organizations. Google committed to paying SpaceX $920 million monthly for access to approximately 110,000 Nvidia graphics processing units, the processors essential for training and operating artificial intelligence systems.
Nvidia's broader financing ecosystem
Nvidia has taken an active role in facilitating customer purchases of its products. The chipmaker established financing arrangements in August with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR designed to mobilize more than $500 billion for artificial intelligence infrastructure projects.
Market reaction
Financial markets responded swiftly to the reports. SpaceX shares declined approximately one percent during after-hours trading on Tuesday evening, while Nvidia stock increased roughly half a percent.
Source: The Next Web
