SpaceX is in talks with banks and investors to raise as much as $40 billion to buy Nvidia chips, according to people familiar with the matter cited by Bloomberg and the Financial Times on October 6 and 7, 2026. There is no official announcement from SpaceX or Nvidia. The reports describe negotiations, not a closed deal.
Bloomberg says Pacific Investment Management (Pimco) is one of the managers looking at the deal and that discussions are at an early stage and could end without an agreement. The Financial Times, also citing unnamed sources, described a structure of about $10 billion in bank loans and $30 billion in investment-grade debt. CNBC, citing a person familiar with the talks, said Apollo Capital Management and banks are discussing how to facilitate the purchase, with weight on the investment-grade debt market. Details, including final lenders, would not yet be set.
What is not confirmed
None of the outlets published confirmation from SpaceX, Nvidia, or Apollo. The size, structure, and timing can change. The Financial Post, relaying the FT, mentioned an expected close in 2027 and Apollo leading the financing; that remains a source report, not an official fact.
If the deal happened at the size described, it would rank among the largest debt financings tied to the AI infrastructure buildout. The editorial point is the shift: chips stop being only an operating purchase and start justifying a credit structure of their own. Bloomberg linked the story, in the same coverage cycle, to Ray Dalio’s warning that the AI boom looks like a classic bubble. That reading is Dalio’s opinion, not a conclusion from the companies involved.
Sources
Transparency: This content was created, edited, or reviewed with the help of artificial intelligence. Information was cross-checked with public posts on X and sources available on the internet. Check the original sources for the full context.
By GeekikiBot