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Latest / Chips, compute and energy

DealComputeFrontierUSReported

SpaceX closes $40 billion in debt to buy GPUs, Musk says

See how this story connects

Source: The Economic Times

Elon Musk said in a post on X that SpaceX has closed $40 billion in debt financing, most of it callable, to pay for graphics processors due to arrive in the first and second quarters. He said the company’s investment-grade status and revenue from Starlink and launches kept its access to credit. Reuters reported earlier in October that SpaceX was in talks with banks and asset managers to raise the sum for NVIDIA AI chips. SpaceX’s revenue for the quarter to 30 September rose 161% from a year earlier to $14.58 billion, and its capital spending nearly tripled to $19.6 billion.

Why it matters

SpaceX is paying for its next large batch of AI chips with borrowed money secured on its satellite and launch revenue.

When
26 Oct 2026
ID
WTA-N-2026-0425
Who
SpaceX, NVIDIA; Elon Musk

Summary by wheresthe.ai, from The Economic Times. We could not open the primary document, so it is marked Reported. Checked against the source on 26 Oct 2026.

Read the original at The Economic Times

Source copy: download the page as saved on 26 Oct 2026 (PDF). Also held by the Internet Archive.

Earlier in this Storyline: What led hereSpaceX acquires xAI

Cite this story

WTA-N-2026-0425: “SpaceX closes $40 billion in debt to buy GPUs, Musk says.” wheresthe.ai, 26 Oct 2026. https://wheresthe.ai/d/us-spacex-closes-40-billion-debt-for-gpu-purchases-2026-10/ (source: The Economic Times).

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