Story perspectives

SpaceX Seeks $40B Debt for Nvidia AI Chips

By Drooid · Oct 7, 2026, 2:18 PM UTC · How we work

Summary

Story summary

SpaceX is seeking $40 billion in debt to purchase Nvidia AI chips.
The financing includes $10 billion in bank loans and $30 billion in investment-grade bonds.
Apollo Global Management will lead the deal, with Pimco among the lenders.
SpaceX shares rose about 15% in five days, closing at $171.92 on Oct 6.
Nvidia holds just under 123 million SpaceX shares, valued at roughly $21 billion.

History

Historical Context

After NASA’s 2008 award of a $278 million Commercial Crew contract to SpaceX—followed by a $2.6 billion CCtCap award in 2014 and similar $170 million contracts to Orbital Sciences—private launch firms have depended on sizable government funding. That precedent underlies SpaceX’s 2024 $40 billion debt request, reflecting a continuing pattern of massive external capital to sustain U.S. crew-transport ambitions.

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Story summary

SpaceX is seeking $40 billion in debt to purchase Nvidia AI chips.
The financing includes $10 billion in bank loans and $30 billion in investment-grade bonds.
Apollo Global Management will lead the deal, with Pimco among the lenders.
SpaceX shares rose about 15% in five days, closing at $171.92 on Oct 6.
Nvidia holds just under 123 million SpaceX shares, valued at roughly $21 billion.

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