SpaceX plans to raise $40 billion to purchase Nvidia chips, with Apollo leading the arrangement.

BlockBeats news, October 7: Musk's SpaceX is seeking to raise approximately $40 billion in funding, led by Apollo Global Management, to purchase Nvidia chips and further expand its investment in the AI sector.

Sources familiar with the matter said the financing plan includes about $10 billion in bank loans and $30 billion in investment-grade debt, and is expected to be completed by 2027. Institutions such as Pimco are also participating in related financing discussions. SpaceX currently has a credit rating of BBB, the second-lowest investment-grade rating, so its bonds can be purchased by institutional investors such as insurance companies and pension funds.

This financing will further strengthen cooperation between SpaceX and Nvidia. Musk previously said that SpaceX has decided to exclusively adopt Nvidia technology and believes its Vera Rubin architecture is currently the best AI computing architecture. The financing plan also highlights that AI data centers, chips, and related infrastructure construction are attracting enormous financing demand.

Previously, SpaceX obtained an investment-grade rating after its IPO in June and subsequently issued $25 billion in senior bonds, but its bond prices have since fallen due to concerns about debt scale and increased capital expenditures.