Business · Companies · 2 hrs ago
SpaceX borrows $40 billion to buy AI chips
SpaceX has secured $40 billion in borrowing to buy graphics processors used in artificial intelligence computing.
Chief executive Elon Musk announced the financing on X, and the chips are expected to arrive in the first and second quarters.
SpaceX says its Starlink and rocket-launch income helped it get the loans, along with the company’s strong credit rating.
The planned purchases are chiefly funded by debt that can be called for repayment, and Musk said they would not have a major effect on the current quarter.
The financing shows the huge cost of building AI computing capacity as companies compete for advanced chips.
SpaceX’s revenue rose 161% year over year to $14.58 billion in the third quarter, while spending on equipment and infrastructure nearly tripled to $19.6 billion.
SpaceX has borrowed $40 billion to buy graphics processors for artificial intelligence, according to chief executive Elon Musk.
Musk announced the financing on X.
The borrowing is mainly in callable debt securities, and the chips are expected to arrive in the first and second quarters.
SpaceX said its credit rating and revenue from Starlink and rocket launches helped it obtain the loans.
The financing comes as technology companies compete for advanced processors and computing infrastructure for AI development.
- Who
- SpaceX, according to chief executive Elon Musk.
- What
- The company borrowed $40 billion to buy graphics processors for artificial intelligence.
- When
- Musk announced the financing before the article was published on October 25, 2026.
- Where
- Not stated
- Why
- To buy AI chips and support the computing infrastructure needed for AI development.
This story does not have two clearly opposing sides.
Reuters reported that SpaceX was in talks with banks and asset managers to raise $40 billion for Nvidia AI chips.
Elon Musk announced on X that SpaceX had secured $40 billion in financing.
The graphics processors are expected to arrive.
- Financing
- $40 billion
- Purpose
- Purchase of graphics processors for AI
- Expected delivery
- First and second quarters
- Sources of credit access
- SpaceX's credit rating, Starlink revenue and rocket-launch revenue
- Third-quarter revenue
- $14.58 billion, up 161% year over year
What people are saying
For the current quarter, this is not a significant factor.