Elon Musk announced that his interest SpaceX has closed a $40 billion loan financing package to purchase Nvidia chips for its artificial intelligence operations. Bloomberg reported over the weekend that SpaceX negotiated the structure with banks and investors; according to the report the talks were led by Goldman Sachs and potential investors included Apollo Global Management.
When will the funds arrive?
Bloomberg says the funds from the financing are expected to be available in the first half of 2027.
How is the loan structured?
The plan is to take on the debt through a company formed specifically for this purpose, so the liability would not appear directly on SpaceX’s balance sheet.
Why it matters
SpaceX has significantly expanded its AI business this year, referred to in media coverage as “Super Intelligence” (SI). In its most recent third-quarter report the company said AI-related revenue rose from $813 million to $7.56 billion year over year, a rapid increase that helps explain the scale of the planned investment in compute hardware.
Related context: Tesla and takeover speculation
Analysts at the British multinational bank Barclays have suggested a deal could be announced even before Tesla’s annual meeting on December 3, 2026, under which SpaceX would acquire Tesla. Coverage has noted that Elon Musk said last week he personally supports such a merger.
Revenue sources and business focus
SpaceX’s important revenue streams include launch services, the Starlink satellite internet service, and AI compute capacity. Tesla’s revenues come primarily from vehicle sales and energy storage solutions.
Summary
According to Bloomberg’s reporting, SpaceX has arranged a $40 billion financing package to buy Nvidia chips for AI expansion; the transaction was reportedly led by Goldman Sachs with Apollo Global Management among potential investors, and funds are expected in early 2027. Separately, analysts continue to speculate about a possible SpaceX acquisition of Tesla ahead of Tesla’s December 3 annual meeting, a move Elon Musk has said he supports.
