SpaceX raises $40 billion in debt to fund AI chip purchases

Elon Musk announced Sunday that SpaceX has raised $40 billion in debt to fund purchases of AI graphics processing units (GPUs), with deliveries expected in the first and second quarters of 2027. The repayable debt will finance new AI chips, though Musk did not disclose the loan's maturity or interest rate. SpaceX previously reported plans to invest $35-40 billion in the final quarter of this year, double the previous quarter's spending. SpaceX, which merged with xAI earlier this year, posted its first net profit in the third quarter, driven by renting data center capacity to external clients like Anthropic. The company is expanding its Colossus II data center, and Musk aims to absorb Tesla into the conglomerate.