SpaceX Seeks $40B Led by Apollo to Buy Nvidia Chips; Wins Starlink Approval

· Tech · United States

SpaceX is seeking to raise $40 billion to buy Nvidia chips, in a financing round led by Apollo Global Management, according to a Financial Times report. The deal is expected to close in 2027 and would consist of roughly $10 billion in bank loans and $30 billion from other sources. Separately, the company scored a key Starlink approval from a federal agency that could shake up the wireless market, with the regulator also waiving a rule that requires a leasing agreement with a ground-based carrier. Together the moves show SpaceX pushing deeper into AI compute and satellite-based connectivity, two capital-intensive businesses that increasingly depend on each other for spectrum, chips and launch capacity.

Why it matters：A private launch company raising debt-scale capital to buy AI chips, while winning regulatory relief for satellite broadband, signals that space and AI infrastructure are converging into one financing story that will shape chip demand and telecom competition.

Key points

  • The round is led by Apollo Global Management and is expected to close in 2027.
  • About $10 billion would come from bank loans and $30 billion from other sources.
  • A federal agency waived a rule requiring a leasing agreement with a ground-based carrier for Starlink.

Sources (original reporting)

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