WORLD 🔗 Part of: Tech and Cybersecurity News (72) · 28 Oct 2026 · 06:52 GMT ·1 min read

SpaceX Secures $40 Billion in Debt Financing to Accelerate AI Hardware Acquisition and Infrastructure Development

SpaceX finalized a $40 billion debt financing deal with an Apollo-managed entity.

NEUTRALITY 68 · MIXED· 3 sources

CNBC International

SpaceX finalized a $40 billion debt financing deal with an Apollo-managed entity. The company will use these funds to purchase graphics processing units (GPUs) for its artificial intelligence systems. SpaceX operates a "Super Intelligence" business unit. This division is now the firm's largest. The company expects the hardware to arrive in the first and second quarters of 2027. Elon Musk stated that revenue from Starlink and rocket launches helped maintain the company's investment-grade status. This financing supports the company's expansion into AI infrastructure.

Context

SpaceX hardware is expected to arrive in the first and second quarters of 2027, while Terafab, a chip manufacturing joint venture between SpaceX and Tesla, aims to reach volume production of its proprietary chips by the third quarter of 2028.

Supportive perspectives

SpaceX secured $40 billion in debt financing to purchase graphics processing units (GPUs) for its artificial intelligence systems. The company signed a binding commitment with an Apollo-managed entity to finalize the deal.
Elon Musk stated that SpaceX's revenue from Starlink and rocket launch businesses helped maintain its investment-grade status.
SpaceX reported that its 'Super Intelligence' (SI) business unit earned $7.56 billion in the third quarter of 2025. Revenue grew from $813 million during the same period in 2024. This increase shows the scale of the company's AI operations.
SpaceX reported $14.58 billion in revenue for the three months ending September 30, 2026. That total represents a 161% increase from the same period in 2025.
Terafab is a joint venture between SpaceX and Tesla. The company plans to produce its first test chip in May or June 2027.

Critical perspectives

SpaceX reported capital expenses of $19.6 billion in the third quarter of 2026. This amount marks a nearly threefold increase.
The $40 billion in debt financing for SpaceX is primarily callable debt.
Elon Musk stated that more than 200 'neocloud' companies face failure or consolidation as debt markets tighten. These firms represent a segment of the AI infrastructure sector currently experiencing market instability.