SpaceX has secured $40 billion in debt financing deal to purchase artificial intelligence (AI) chips, CEO , Elon Musk said in a post on X.
The funding will primarily cover graphics processing units (GPUs), with deliveries expected in the first and second quarters of 2027.
Musk said the financing was supported by SpaceX’s investment-grade credit status and revenue from its Starlink satellite internet and rocket launch businesses. The company’s financing terms have not been fully disclosed.
SpaceX Plans Major Spending on AI Infrastructure
SpaceX anticipates capital expenditure of $35 billion to $40 billion in the fourth quarter, according to CFO Bret Johnsen. The funding highlights the growing cost of securing computing power as technology companies invest heavily in AI infrastructure.
The deal follows earlier reports that SpaceX was in talks with banks and asset managers to raise $40 billion to purchase AI chips from Nvidia. However, details of the final financing structure have not been confirmed.
Musk Warns of Challenges for AI Cloud Startups
Musk also warned that tighter debt markets could make it harder for neocloud companies to raise funding. These businesses provide computing infrastructure for AI and machine-learning workloads.
He predicted widespread consolidation and failures among neocloud providers, arguing that companies without significant revenue outside AI data centres could face difficulties accessing debt financing. He also said SpaceX would not acquire neocloud companies.
SpaceX AI Revenue Surges
Figures published show SpaceX’s AI business had revenue of $7.56 billion in the third quarter, up from $813 million a year earlier. The growth highlights AI’s increasing importance to the company’s business.
Separately, the Terafab chip manufacturing venture involving SpaceX and Tesla is expected to produce its first test chip around May or June 2027, with volume production targeted for the third quarter of 2028.
The $40 billion financing highlights the huge capital needs of AI development and the widening divide between companies with solid sources of income and those that rely heavily on debt to build out their computing infrastructure.
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