Apollo and banks in talks to finance SpaceX's $40bn Nvidia chip purchase

· Finance · United States

Apollo and banks are in talks to finance SpaceX's $40 billion purchase of Nvidia GPUs, CNBC reported, with MarketWatch noting the company may take on substantial debt to chase what it called stunning AI returns. Since SpaceX's record-breaking IPO in June, rates have sold off and yields on its bonds have risen along with other AI-related debt. SpaceX also scored a key Starlink approval that could shake up the wireless market, with a federal agency waiving a rule requiring a leasing agreement with a ground-based carrier, Business Insider reported. CNBC's Jim Cramer said Goldman Sachs' latest price target hike on SpaceX could signal something bigger about Elon Musk's vision becoming reality.

Why it matters：A debt-financed AI infrastructure push at SpaceX signals how private and newly public companies are tapping credit markets for compute, tying their balance sheets to the AI investment cycle.

Key points

  • Apollo and banks are negotiating financing for a $40bn Nvidia GPU purchase.
  • SpaceX bonds have sold off since its June IPO, with yields rising alongside other AI-related debt.
  • Starlink won an approval with a waiver of ground-carrier leasing requirements.

Sources (original reporting)

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