SpaceX (SPCX.O), opens new tab is in talks with banks and asset managers to raise $40 billion for the purchase of Nvidia (NVDA.O), opens new tab artificial intelligence chips, two sources familiar with the matter said.
The Elon Musk-led company is in talks with asset manager PIMCO for financing, one of the sources told Reuters.
SpaceX is looking to raise about $10 billion in bank loans and $30 billion in investment-grade debt for the chip order, according to a source, confirming an earlier story by the Financial Times. Apollo is expected to lead the SpaceX deal and help place the debt with a broad range of investors, the Financial Times reported. SpaceX and Nvidia did not immediately respond to a request for comment, while Apollo and PIMCO declined to comment.
The sources declined to be identified because the deal is still not public.
The proposed funding underscores the enormous capital requirement of the AI boom, as technology companies race to secure advanced processors and build out the computing infrastructure needed to support AI development.
Morgan Stanley estimates that AI infrastructure will require $1.5 trillion in external financing by 2028.
(Reuters)
Thursday, October 8, 2026