Elon Musk said that his company SpaceX has closed a $40 billion financing package intended to purchase Nvidia chips to power its AI systems. Bloomberg reported over the weekend that negotiations were ultimately led by Goldman Sachs and that Apollo Global Management was among potential investors. The funds are expected to be available in the first half of 2027.
According to the plan, the financing would be taken on through a separate vehicle created for this purpose, so the debt would not appear directly on SpaceX’s balance sheet.
Why this matters
SpaceX has significantly expanded its artificial intelligence business this year, often referred to as “Super Intelligence” (SI) in references made by Donald Trump. In its most recent third-quarter report, the company said AI-related revenue rose from $813 million a year earlier to $7.56 billion, indicating rapid scaling and high demand for compute resources.
The new financing would allow SpaceX to make large-scale purchases of Nvidia chips, which are critical for running large AI models and supporting further growth in its AI operations.
Tesla acquisition speculation
The financing announcement has rekindled speculation that SpaceX could acquire Tesla, Inc. Analysts at Barclays have suggested that such a deal might be announced even before Tesla’s annual meeting scheduled for December 3, 2026. Elon Musk last week said he personally supports a merger between the companies.
The two groups generate revenue from different sources: SpaceX’s income is driven largely by rocket launches, the Starlink satellite internet service, and AI compute capacity, while Tesla’s revenues come mainly from vehicle sales and energy storage solutions.
Summary
Bloomberg’s reporting that Goldman Sachs led a $40 billion financing package for SpaceX represents a major step toward expanding the company’s AI compute capabilities. The funds are expected in early 2027 and would be structured through a separate entity so as not to sit directly on SpaceX’s balance sheet. The announcement has also intensified talk of a potential Tesla acquisition, amplified by Barclays analysts’ comments and Elon Musk’s stated support.
