SpaceX Secures $40 Billion Apollo Debt Financing for Nvidia Chips

By EC Assets · Published 26 October 2026

SpaceX has completed a multibillion-dollar financing transaction to support its artificial intelligence computing infrastructure. Under the terms announced on Monday, the aerospace company agreed to lease data center hardware, including advanced AI chips, from an entity managed by Apollo Global Management. The entire financing transaction totals roughly $40 billion in principal. SpaceX is looking to raise the $40 billion specifically to buy Nvidia chips, securing the specialized computing capacity required for its operations. The financing led by Apollo Global Management is structured as a blockbuster debt deal. Under the terms of the agreement, SpaceX will lease the data center hardware directly from the Apollo-managed entity rather than purchasing the equipment outright. The transaction represents the latest sign of the vast corporate spending on chips and other physical infrastructure that currently underpins the global artificial intelligence sector. Following the completion of the $40 billion debt deal, Elon Musk issued public comments regarding the financial standing of rival artificial intelligence developers. Musk stated that SpaceX's AI rivals are in trouble in the current market environment. He argued that institutional lenders will not be so hospitable to less-diversified competitors seeking similar financing terms. His remarks prompted an immediate reaction across financial markets, sending the stock prices of competing AI companies lower. The multi-billion-dollar deal comes as Apollo Global Management expands its investment footprint across international markets and alternative asset management. Apollo agreed to buy a stake of nearly 10% in Mubadala Capital, an alternative asset manager backed by Abu Dhabi. Meanwhile, the broader private capital market has seen private equity firms pour billions of dollars into defense tech, even as investors debate whether that sector is facing a bubble. The scale of SpaceX's debt transaction parallels other record-setting capital raises across the artificial intelligence sector. Meta announced a $95 billion stock offering to fund its own AI expansion. The company is looking to raise that total of $95 billion through several stock-related deals that are scheduled to stretch into early next year. Prominent semiconductor hardware suppliers could participate directly in Meta's equity transaction. Chipmakers Nvidia, AMD and Broadcom could buy Meta shares as part of a $35 billion stock offering within that broader fundraising program. The potential investments show how leading hardware manufacturers and tech platforms are tying their balance sheets together as the infrastructure costs for artificial intelligence development continue to escalate. Investors will watch the execution of Meta's upcoming stock-related deals as the company raises capital through arrangements stretching into early next year. This article is intended for informational purposes only. It does not constitute investment advice.