SpaceX Reportedly Seeks $40B Debt Package for Nvidia Hardware
SpaceX is reportedly looking to secure a massive $40 billion debt financing package to acquire next-generation Nvidia AI accelerators and infrastructure for xAI.
Radwan AbdulhadiEditor and technology writer
Massive Debt Financing Initiative
SpaceX is reportedly looking to raise $40 billion to acquire Nvidia AI processors in a bid to expand its compute capabilities, according to a report by the Financial Times. The potential funding could combine $10 billion in bank loans with $30 billion in investment-grade debt, with discussions still at an early stage. If the transaction materializes, it could be completed in 2027.
While details remain preliminary, the capital would be directed toward acquiring advanced Nvidia Rubin generation hardware, which includes powerful AI accelerators. As noted by Tom's Hardware, such a substantial raise could fund roughly 360,000 Vera Rubin GPUs distributed across 5,000 NVL72 racks.
Hardware Procurement and Scale
Although Bloomberg reports that the proposed financing would be used specifically to purchase Nvidia AI accelerators, xAI has historically purchased servers or rack-scale AI solutions directly from Nvidia and its ecosystem partners. Because of this established pattern, industry observers consider it likely that xAI will continue acquiring fully integrated servers rather than attempting to assemble accelerators independently.
Assuming xAI acquires Vera Rubin NVL72 systems at an estimated cost of around $8 million per unit, the $40 billion budget would account for approximately 5,000 machines packing roughly 360,000 Nvidia Rubin AI accelerators. At this stage, it remains unclear whether this $40 billion figure represents xAI's total compute capacity budget for 2027 or if additional spending is planned.
Existing Infrastructure and Deployment
The scale of xAI's existing Nvidia deployments is already considerable. Elon Musk stated last month that the company's Colossus 2 cluster currently houses 110,000 Nvidia GB200 accelerators alongside 440,000 GB300 devices, demonstrating rapid expansion in artificial intelligence training capabilities.
To support this ongoing infrastructure growth, SpaceX intends to secure approximately $10 billion from banks while raising another $30 billion on the investment-grade debt market. Apollo Global Management is expected to take the leading role in arranging the financing, with bond manager Pimco among a limited number of lenders currently discussing participation.
Financial Partners and Market Context
Apollo already has considerable exposure to the AI hardware market and has previously participated in financing the infrastructure buildout for Elon Musk's ventures. Earlier, Nvidia teamed up with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to establish financing platforms designed to attract more than $500 billion in third-party funding for AI infrastructure.
Furthermore, Bloomberg reports that Apollo previously arranged a $7 billion financing deal with Musk's xAI, which funded Nvidia hardware intended for the Colossus 2 data center near Memphis. Despite the widespread reporting on the potential $40 billion package, none of the parties mentioned in the story have formally commented on the prospective deal.
Sources
- Tom's HardwareSpaceX reportedly seeking $40 billion debt package for Nvidia AI hardware
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