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finance.yahoo.comOCT 72 min read$NVDA

SpaceX Wants $40 Billion to Buy Nvidia Chips, and Nvidia Is on Every Side of the Deal

SpaceX is reportedly seeking $40 billion in financing, led by Apollo Global Management, to purchase Nvidia chips. The deal includes $10 billion in bank loans and $30 billion in debt. Nvidia is both a supplier and a shareholder of SpaceX. SpaceX shares fell 2% premarket. Nvidia's data center sales reached $193.7 billion in fiscal 2026, while SpaceX's capital expenditure hit $18.4 billion in Q2 2026. SpaceX has $93.5 billion in cash and $39.7 billion in debt as of June.

Original reporting
finance.yahoo.com
Published Oct 7, 2026, 3:28 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 7, 2026, 3:47 PM UTC. Informational, not investment advice.
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SpaceX Wants $40 Billion to Buy Nvidia Chips, and Nvidia Is on Every Side of the Deal — source image
Source · finance.yahoo.com
Decision brief

The 30-second read

$NVDABearishMed
01

Why it matters

The announcement could influence Nvidia's stock price due to the scale of the deal relative to its data‑center revenue, and may benefit Apollo through underwriting fees.

02

Market read

The financing highlights continued demand for AI compute hardware and could affect semiconductor valuations and high‑yield debt markets.

03

What to watch

The deal's reliance on 5‑year Treasury yields could become costly if rates rise further, affecting the debt service burden.

Relevance 7/10Novelty 9/10Timing: premarket today

Background

SpaceX is seeking a $40 B financing package led by Apollo, with lenders including Pimco. Nvidia will supply chips and holds a sizable equity stake.

Company-level read

Ticker impact

$NVDABearishHigh confidence
Context

Nvidia is named as the chip seller and a shareholder in the $40 B SpaceX financing plan.

Expected impact

likely pressure as investors assess the financing's effect on Nvidia's earnings outlook

Evidence & confidence

The deal represents about 20% of Nvidia's data‑center sales and could dilute earnings per share.

$APOBullishMedium confidence
Context

Apollo Global Management is the lead arranger for the $40 B SpaceX capital raise.

Expected impact

potential upside from fees and interest income on the new debt issuance

Evidence & confidence

Being the lead arranger on a multi‑billion financing typically generates underwriting fees and raises the firm's profile.

Market effects

Sector

The financing underscores continued demand for high‑performance compute chips, supporting the broader semiconductor sector.

Regional

U.S. capital markets may see increased activity in high‑yield debt issuance.

Global

Large‑scale financing of a private aerospace firm highlights the intersection of space and AI compute, relevant to global tech investors.

Counterpoint

What could challenge this read

Investors may view the financing as a sign that SpaceX's cash burn is unsustainable, potentially hurting related suppliers.

Key entities

  • company
    SpaceX

    Private aerospace firm seeking $40 B financing.

  • company
    Nvidia

    Chip maker supplying Nvidia chips and holding a large equity stake in SpaceX.

  • company
    Apollo Global Management

    Lead arranger for the financing syndicate.

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