Analysis
SpaceX is discussing a $40 billion financing package with banks and investment managers to buy NVIDIA artificial-intelligence chips, according to independently sourced reports by Reuters and Bloomberg. The reports describe negotiations, not an agreed loan or completed chip purchase. [1, 2]
A proposed two-part package
Reuters reported that SpaceX is seeking roughly $10 billion in bank loans and $30 billion in investment-grade debt. Its source confirmed the amounts after an earlier Financial Times report. Investment-grade debt is a category associated with stronger credit quality, not a guarantee that lenders will be repaid. [1]
The proposed mix would bring both banks and other debt investors into financing the AI hardware. The amounts remain subject to the negotiations. [1, 2]
PIMCO talks and a possible Apollo role
Reuters said SpaceX is in discussions with PIMCO. Bloomberg separately reported that the investment manager is among those considering participation, citing people familiar with the matter. [1, 2]
Apollo is expected to lead the transaction and help place debt with a wider group of investors, according to the Financial Times account cited by Reuters. CNBC separately reported discussions involving Apollo and banks, citing its own person familiar with the talks. Reuters said SpaceX and NVIDIA did not immediately respond to its requests for comment, while Apollo and PIMCO declined to comment. [1, 3]
AI spending reaches debt investors
If completed, the package would extend the AI buildout’s funding needs to banks and debt investors. Those investors would be relying on the borrower’s ability to repay the cost of the expansion, not simply on demand for the chips. [1, 2]
What remains uncertain
Bloomberg’s sources described the discussions as preliminary and said they could end without an agreement. The reviewed reports do not establish final lenders, borrowing costs, maturities, guarantees or a completed purchase. The proposed package was not publicly confirmed in the reporting reviewed. [1, 2, 3]
Sources
- [1] Reuters: SpaceX financing talks, October 6 dateline; syndicated October 7, 2026, 11:24 a.m. EDT ↗Source
- [2] Bloomberg: preliminary SpaceX financing discussions; Spanish-language syndication, October 7, 2026, 6:46 a.m. EDT ↗Source
- [3] CNBC: Apollo and banks discuss financing for SpaceX NVIDIA purchase, October 7, 2026, 12:32 p.m. EDT ↗Source