SpaceX closes $40B debt financing to fund AI chip purchases

On October 26, 2026, SpaceX CEO Elon Musk said on X that SpaceX has closed a $40 billion debt financing round, primarily to pay for GPU compute hardware expected to be delivered in the first and second quarters of 2027. Musk described the funding as mostly redeemable debt tied to GPU purchases scheduled for delivery in those two quarters, adding that it would not be a major factor for the current quarter.

Bloomberg Technology reported the same day, citing Musk's post on X, that the debt raise was intended to fund SpaceX's purchase of Nvidia Corp. GPUs needed for its artificial intelligence ambitions. In the post, Musk also emphasized SpaceX's diversified business, pointing to the company's investment-grade ratings and revenue from its Starlink satellite business and rocket launches as what enabled the off-balance-sheet deal, and used the contrast to position SpaceX differently from so-called neoclouds that sell high-end computing power to technology companies and rely heavily on borrowing.

Before Musk's post, Reuters reported earlier in the month that SpaceX was in talks with multiple banks and asset management institutions to raise $40 billion for purchasing Nvidia AI chips. The IT之家 report also cited SpaceX's financial results for the third fiscal quarter of 2026, covering July through September 2026, when the company reported total operating revenue of $14.575 billion, up 161% year over year, and gross profit of $9.097 billion, up 216.86% year over year. Publicly available information currently stops at Musk's confirmation of the completed financing and reporting that the funds are mainly directed toward GPU procurement.

Translation note: "neoclouds" is retained as used in the original reporting. SpaceX's revenue figures for the 2026 third fiscal quarter were 145.75 亿美元 (about 974.95 亿元人民币) in total operating revenue and 90.97 亿美元 (about 608.52 亿元人民币) in gross profit.