
Elon Musk's company aims to raise $10 billion in loans and $30 billion in bonds in a deal led by Apollo Global Management.
SpaceX aims to raise $40 billion through loans and bonds, in a deal led by Apollo Global Management, to finance the purchase of Nvidia chips and boost artificial intelligence infrastructure.
AI-generated summary
SpaceX is seeking funding to upgrade infrastructure to support artificial intelligence.
SpaceX, Elon Musk's company, is trying to raise $40 billion in a financing operation led by Apollo Global Management to buy Nvidia chips, thus strengthening its bet on the Santa Clara manufacturer's advanced technology.
Sources close to the matter tell the Financial Times that the company is looking to raise around $10 billion in bank loans and $30 billion in investment-rated bonds to finance its order.
Private equity group Apollo is expected to lead the deal and help sell the debt to a wide range of investors. The Pimco bond group is among the few lenders in talks to finance the deal, sources said. The transaction is expected to close in 2027.
Apollo and Pimco declined to comment.
SpaceX's funding plans highlight the large sums being raised to fund investments in data centers, chips and other infrastructure to support artificial intelligence.
Thanks to its BBB credit rating, the second lowest in the investment grade category, insurance and pension funds could buy SpaceX's debt.
AI outlook — possibilities, not facts
Conclusion of the financial transaction in 2027
Likely · Within months

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