SpaceX seeks $40bn debt deal to buy Nvidia chips

· Finance · United States

SpaceX is looking to raise $40 billion in a financing package led by Apollo Global Management, with the proceeds earmarked for buying Nvidia chips, according to reports. The transaction would rank among the largest private debt deals ever assembled and underscores the scale of borrowing now being undertaken to fund AI infrastructure. The capital is intended to pay for semiconductors that power artificial intelligence workloads, part of a broader wave of spending on chips, data centers and related hardware. The deal signals how private credit firms such as Apollo are increasingly willing to underwrite mega-financings for technology and infrastructure projects that were once the preserve of banks or public markets. Terms of the financing, including pricing and maturity, were not disclosed.

Why it matters：The deal illustrates how private credit is displacing banks in financing the AI build-out, a shift that could reshape capital markets and concentrate technology risk in a handful of lenders.

Key points

  • Apollo Global Management is leading the financing package, according to the report.
  • Proceeds are designated for Nvidia chips used in AI computing.
  • The $40 billion target would make it one of the largest private debt deals on record.

Sources (original reporting)

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