s/danrobinsonAI INFRASTRUCTURE•Oct 7
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SpaceX seeks $40 billion to build an Nvidia-powered AI business
SpaceX is looking to borrow $40 billion to build an Nvidia-powered AI computing business, pushing its spending far beyond launches and satellites. The proposed Apollo-led package would fund Nvidia chips and data-center infrastructure, with closing targeted for 2027.
• About $10 billion in bank loans
• About $30 billion in investment-grade debt
• Nvidia’s Vera Rubin architecture
Elon Musk said in August that SpaceX had decided to build exclusively on Nvidia. Investor materials described data centers operating “somewhere in the universe,” while the proposed financing remains in talks with banks and investors.
• About $10 billion in bank loans
• About $30 billion in investment-grade debt
• Nvidia’s Vera Rubin architecture
Elon Musk said in August that SpaceX had decided to build exclusively on Nvidia. Investor materials described data centers operating “somewhere in the universe,” while the proposed financing remains in talks with banks and investors.
Timeline3
Aug 1
Elon Musk said SpaceX had decided to build exclusively on Nvidia and highlighted the Vera Rubin architecture.
Oct 6
Reports surfaced that SpaceX was seeking roughly $40 billion in Apollo-led debt financing to purchase Nvidia chips.
now
The proposed financing is expected to close.
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Oct 7