SpaceX Seeks $40 Billion in Debt to Buy Nvidia Chips

SpaceX, the company owned by US billionaire Elon Musk, is in talks with banks and investors to raise about $40 billion to finance purchases of Nvidia chips.

The proposed borrowing would fund a major acquisition of chips used in artificial intelligence, linking the financing effort to the sector’s expanding demand for computing power.

If completed at that scale, the deal could rank among the largest debt-financing operations ever tied to AI expansion.

The discussions remain at the negotiation stage. The financing terms, the timing of any agreement and the intended deployment of the chips were not specified.