Elon Musk’s SpaceX is, according to third-party reporting relayed by Business Standard on 7 October 2026, in early talks with banks and investors to raise about $40 billion to buy Nvidia chips—potentially one of the largest AI-related debt financings yet. The claims come from people familiar with the matter who spoke on condition of anonymity. SpaceX, Nvidia and Apollo did not immediately comment, the piece says. [1]
What structure do the unnamed sources describe?
Business Standard’s Bloomberg-bylined story says SpaceX is seeking roughly $10 billion in bank loans and $30 billion in investment-grade debt for the chips. Pacific Investment Management Co. (Pimco) is named as one manager looking at the deal. Talks are early and could end without a completed financing. [1]
The Financial Times earlier reported the same approximate split, citing unnamed sources, and said Apollo Global Management is leading a deal expected to close in 2027, Business Standard notes. [1]
How does this sit beside other AI chip debt?
The same article places the talks in a wave of hyperscale chip financing: Broadcom’s Wall Street syndicate was recently described as gathering about $60 billion of AI chip financing linked to Anthropic and others, again via people familiar with the matter. Nvidia’s August partnership with Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs and KKR aimed at sourcing $500 billion in financing for AI infrastructure for Nvidia customers. [1]
Apollo previously struck a $7 billion financing for xAI tied to Nvidia chip access via a special-purpose vehicle for the Colossus 2 site in Memphis, the piece recalls. [1]
What has Musk said publicly about Colossus 2?
Separate from the debt talks, Business Standard cites Musk’s recent X posts on Colossus 2 chip counts: 110,000 Nvidia GB200 chips and 440,000 GB300s already, with a further 220,000 GB300s due “next week,” another 220,000 expected in November, and an additional 220,000 possibly late December “if we get lucky.” Those counts are Musk’s public statements, not the anonymous financing sources. [1]
Market reaction in the report
Business Standard says SpaceX shares erased gains in post-market trading after the FT report, falling 1.2% to $169.79, while Nvidia rose fractionally. Share moves are not proof the financing will close. [1]
What we don’t know
- Unnamed sources only. Size, tranche mix, lead arranger and 2027 close timing are attributed to anonymous people and FT reporting—not to SpaceX filings or confirmed term sheets.
- Talks may fail. The Bloomberg account explicitly says discussions could end without a deal.
- Use of proceeds beyond “buy Nvidia chips” (which legal entity, which data centre, xAI versus other Musk companies) is not spelled out in the Business Standard piece.
- No investment advice. Reported post-market price moves and deal rumours are not recommendations.
The Bottom Line
Third-party coverage says SpaceX is exploring roughly $40 billion of bank and investment-grade debt—about $10 billion plus $30 billion—to fund Nvidia chip purchases, with Apollo and Pimco named in unnamed-source accounts and a possible 2027 close. Until SpaceX confirms, treat the financing as early, private and incomplete; Musk’s Colossus 2 chip counts are a separate, public claim.
Sources
- Business Standard / Bloomberg (Laura Benitez and Carmen Arroyo), 7 October 2026 — “SpaceX in talks with investors to borrow $40 billion to buy Nvidia chips”: https://www.business-standard.com/world-news/spacex-in-talks-with-investors-to-borrow-40-billion-to-buy-nvidia-chips-126100700148_1.html
