SpaceX in Talks to Borrow $40 Billion to Buy Nvidia Chips

SpaceX (SPCX) is in talks with banks and investors to raise $40 billion in debt to buy chips from Nvidia Corp., according to Bloomberg, citing people familiar with the matter. The financing would rank among the biggest debt raises ever tied to the AI buildout.

The size is the story. A $40 billion borrowing earmarked specifically for Nvidia hardware ties SPCX's capital plans directly to AI compute demand, and it positions Elon Musk's company as a major buyer in the same chip supply chain that Nvidia sells into.

Two facts anchor the report: the $40 billion figure and Nvidia as the named chip supplier. The talks are ongoing, so no terms, pricing, or lender list have been confirmed. Nothing is final until a deal is announced.

Interpretation: a raise this large signals that SPCX is willing to fund AI infrastructure with leverage rather than internal cash alone. That framing is an analytical read of the report, not a confirmed fact about SPCX's balance sheet or strategy. A debt-funded chip purchase also raises the stakes on execution, since lenders will be underwriting the AI buildout on a scale few borrowers have attempted.