SpaceX reports $40 billion financing plan to buy Nvidia chips
SpaceX announced a financing package of roughly $40 billion, split into about $10 billion of bank loans and $30 billion of investment‑grade debt, to purchase Nvidia AI chips for its data‑centre build‑out. The deal is being led by Apollo Global Management, with Pimco among a small group of potential lenders, and is expected to close in 2027. The announcement caused SpaceX shares to fall in after‑hours trading, while Nvidia shares rose modestly.
Why it matters
The financing will increase SpaceX’s leverage and could pressure its balance sheet, which already shows a net loss of $541 million for Q2 2026. Investors may reassess the company’s cash‑flow capacity to service the new debt, especially given the unconfirmed status of the transaction.
Key facts
- 1SpaceX plans to raise about $40 billion, with roughly $10 billion in bank loans and $30 billion in investment‑grade debt. financial-news.co.uk
- 2Apollo Global Management will lead the financing effort. financial-news.co.uk
- 3The financing is expected to close in 2027. financial-news.co.uk
- 4SpaceX reported a net loss of $541 million for the quarter ended 30 June 2026. financial-news.co.uk
- 5SpaceX shares fell 1.15% in after‑hours trading, closing at $169.94. financial-news.co.uk
- 6Nvidia shares rose about 0.5% in extended trading following the report. financial-news.co.uk
Open questions
- The financing plan has not been confirmed by SpaceX, Apollo, Nvidia, or any lenders.
Summary written by AlphAI from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.