SpaceX secures $40B debt for AI GPU acquisition
4.5 Investments SpaceX secured $40B in debt to buy GPUs for AI, leveraging strong Starlink and launch revenues. The callable debt funds 2027 GPU deliveries, with in-house chip production planned for 2028.
SpaceX has secured $40 billion in debt financing to purchase graphics processing units (GPUs) for its artificial intelligence infrastructure, as confirmed by Elon Musk. The financing, mainly callable debt, is structured to fund GPU acquisitions scheduled for delivery in the first and second quarters of 2027. Musk credited SpaceX’s investment-grade credit rating and robust revenue streams from Starlink and its launch business for maintaining lender confidence, even as credit markets tighten for AI-focused firms. The debt package reportedly includes $10 billion in bank loans and $30 billion in investment-grade debt, with Apollo Global Management leading and PIMCO showing interest as an investor. SpaceX reported a 161% year-on-year revenue increase to $14.58 billion in Q3, partly driven by AI operations. The company also plans to develop its own chips through the Terafab venture, targeting volume production in 2028. Details on the full list of lenders, interest rates, and repayment schedules remain undisclosed.
