SpaceX secures $40 billion in debt for Nvidia GPUs as Musk expands AI push

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SpaceX has closed $40 billion in debt financing to purchase Nvidia GPUs, CEO Elon Musk announced Sunday, with deliveries expected in the first half of 2027 as the company expands its AI operations. The financing leverages SpaceX's investment-grade status and revenue from Starlink and rocket launches. The company reported $14.58 billion in third-quarter revenue, up 161% year-over-year, with AI revenue surging nearly tenfold to $7.56 billion. CFO Bret Johnsen projects $35-40 billion in fourth-quarter capital expenditure. Musk warned that debt markets have largely closed to companies lacking revenue independent of AI data centers, predicting consolidation among neocloud providers. SpaceX and Tesla are jointly developing chip manufacturing through Terafab in Austin, with first test chips expected around May or June 2027.


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