SpaceX seeks $40 billion in borrowing to buy Nvidia chips, FT reports
In short
SpaceX is in talks to borrow $40 billion to fund a purchase of Nvidia chips, according to a Financial Times report cited by Reuters and MarketWatch. Bloomberg said it understands the financing would be among the biggest-ever debt financings for the AI buildout. MarketWatch said SpaceX is talking to banks and investors, and described the sum as roughly as much as the company generates in revenue.
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SpaceX is in talks to borrow $40 billion to buy Nvidia chips, according to a Financial Times report carried by Reuters and summarised by MarketWatch. Reuters reported the figure in an English headline and repeated it in German- and Italian-language headlines, in each case attributing it to the Financial Times. [ 1 , 2 , 3 , 5 ]
MarketWatch said the talks are with banks and investors and are aimed at funding a purchase of Nvidia chips. It described the $40 billion sum as about as much money as SpaceX generates in revenue. [ 5 ]
Bloomberg, in its Daybreak Europe programme, said it understands SpaceX is in talks to borrow $40 billion to buy Nvidia chips, and that the financing would be among the biggest-ever debt financings for the AI buildout. [ 4 ]
None of the documents includes a statement from SpaceX or Nvidia, and none sets out the terms of the borrowing, the lenders involved or whether an agreement has been reached. [ 1 , 2 , 3 , 4 , 5 ]
Why it matters
The reported financing would tie a large private space company to the AI chip supply chain and to debt markets, and Bloomberg framed it as one of the largest debt financings for the AI buildout. Because the reports rest on a Financial Times account and on Bloomberg's own understanding, the terms and the lenders are not yet public.
Key facts
- SpaceX is in talks to borrow $40 billion to buy Nvidia chips, according to a Financial Times report cited by Reuters and MarketWatch. [ 1 , 2 , 3 , 5 ]
- MarketWatch said SpaceX is in talks with banks and investors to fund the purchase. [ 5 ]
- Bloomberg said it understands the financing would be among the biggest-ever debt financings for the AI buildout. [ 4 ]
- MarketWatch described the $40 billion figure as about as much money as SpaceX generates in revenue. [ 5 ]
Confirmed by several sources
Still unclear
- The terms of the financing, the lenders involved and whether a deal has been agreed. No document states terms, lender names or a signed agreement; the reports describe talks only.
- The exact source of the $40 billion figure beyond the Financial Times report. Reuters, MarketWatch and Bloomberg all point to the Financial Times or to Bloomberg's own understanding rather than to SpaceX or Nvidia.
- Comment from SpaceX or Nvidia. No document includes a statement from either company.
What local media are saying
Timeline, local time
- Reuters reports that SpaceX is seeking $40 billion to buy Nvidia chips, citing the Financial Times. [ 1 ]
- Reuters repeats the report in a German-language headline. [ 2 ]
- Reuters repeats the report in an Italian-language headline. [ 3 ]
- Bloomberg Daybreak Europe says it understands SpaceX is in talks to borrow $40 billion to buy Nvidia chips, describing it as among the biggest-ever debt financings for the AI buildout. [ 4 ]
- MarketWatch publishes a summary saying SpaceX is in talks with banks and investors to borrow $40 billion for Nvidia chips, citing a Financial Times report. [ 5 ]