SpaceX is in talks with banks and investors, including Apollo Global Management, to raise approximately $40 billion in debt financing to fund a large-scale purchase of Nvidia chips, according to reporting by Bloomberg Markets, CNBC, MarketWatch, and the Financial Times on 7 October 2026. The sum equals SpaceX's annual revenue, making it one of the largest debt financings linked to AI infrastructure. The talks follow SpaceX's June 2026 IPO.
SpaceX's credit default swaps spiked to record levels following the reports, while SpaceX bond prices declined, reflecting market reaction to the scale of proposed leverage. Yields on SpaceX's existing AI-related bonds rose in the same period.
SpaceX bonds are directly affected as the company seeks to add substantial new debt to its balance sheet; the CDS spike and bond price decline are the reported market responses. Nvidia, as the chip supplier at the centre of the $40 billion transaction, is directly tied to the purchase order. Apollo Global Management (APO) is named as a potential financing participant in the deal.
No official regulatory statement has been issued in connection with the financing talks. The Financial Times is cited by MarketWatch as the originating source of the reporting, with Bloomberg Markets and CNBC independently corroborating the story on the same date.
Sources: Bloomberg Markets, Cnbc TOP, Marketwatch TOP, FT Home