SpaceX Secures $40 Billion Debt for AI GPUs as SI Revenue Jumps 9-Fold
Updated
Updated · CNBC · Oct 26
SpaceX Secures $40 Billion Debt for AI GPUs as SI Revenue Jumps 9-Fold
3 articles · Updated · CNBC · Oct 26
Summary
$40 billion in debt financing has been closed by SpaceX to buy GPUs for artificial intelligence systems, Elon Musk said, with funding expected to arrive mainly in the first half of 2027.
Musk said the package is primarily callable debt and argued SpaceX could raise it because Starlink and launch operations provide substantial non-AI revenue while preserving investment-grade standing.
Bloomberg had reported the company was seeking the money for Nvidia chips through a special-purpose vehicle designed to keep the borrowing off SpaceX's balance sheet.
SpaceX's AI unit, branded "Super Intelligence," has become its largest business, with third-quarter revenue surging to $7.56 billion from $813 million a year earlier.
Musk said debt markets are largely closed to AI infrastructure companies without diversified revenue, predicting widespread failures and consolidation among more than 200 neocloud firms.