SpaceX Reportedly Seeking $40 Billion Debt Package for Nvidia AI Processors
SpaceX is seeking a $40 billion debt package to acquire Nvidia AI processors for its xAI division, according to a report by tomshardware.com. The proposed financing structure could combine $10 billion in bank loans with $30 billion in investment-grade debt, with discussions currently ongoing and a potential completion target set for 2027.
If the transaction materializes, xAI will secure Nvidia Rubin generation hardware, including advanced AI accelerators. Bloomberg reported that the proposed funds will be used specifically to purchase Nvidia AI accelerators. Since xAI has historically procured servers and rack-scale AI solutions directly from Nvidia and its network partners, the company is expected to continue that procurement model rather than building custom AI servers from raw accelerators.
Assuming xAI deploys Vera Rubin NVL72 systems at an estimated $8 million per unit, a $40 billion expenditure would secure approximately 5,000 machines containing roughly 360,000 Nvidia Rubin AI accelerators. It remains unclear whether this $40 billion figure represents the entirety of xAI’s compute capacity budget for 2027 or if additional capital outlays are planned.
The scale of xAI’s existing infrastructure buildout is already substantial. Elon Musk stated last month that the Colossus 2 cluster houses 110,000 Nvidia GB200 accelerators alongside 440,000 GB300 devices.
SpaceX Seeks 40 Billion Dollars from Banks and Debt Markets
To assemble the $40 billion package, SpaceX intends to draw $10 billion from commercial banks while raising the remaining $30 billion on the investment-grade debt market, tomshardware.com reported. Apollo Global Management is expected to take the lead role in arranging the financing. Bond manager Pimco is among a select group of lenders currently discussing participation in the deal.
Apollo maintains significant exposure to this sector and has prior experience funding Elon Musk’s artificial intelligence infrastructure. In August, Nvidia partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to establish financing platforms aimed at attracting over $500 billion in third-party funding for AI infrastructure buildouts. Bloomberg previously reported that Apollo arranged a $7 billion financing deal for xAI to acquire Nvidia hardware for the Colossus 2 data center near Memphis.
None of the parties mentioned in the potential $40 billion transaction have publicly commented on the early-stage discussions.