Trump bought up to $25 million in Meta and millions in SpaceX debt in August

SpaceX is reportedly seeking a $40 billion debt package to acquire Nvidia AI hardware, aiming to boost its compute capabilities, according to the Financial Times. The financing could consist of $10 billion in bank loans and $30 billion in investment-grade debt, potentially concluding as early as 2027. However, discussions remain at an early stage, and there is no guarantee of a transaction occurring.

If the deal does materialize, xAI, a SpaceX subsidiary, would receive $40 billion worth of Nvidia Rubin generation hardware, including AI accelerators. While Bloomberg indicates the funding would be primarily used to purchase Nvidia AI accelerators, xAI has historically purchased servers or rack-scale AI solutions from Nvidia and its partners, likely continuing this practice.

Assuming xAI acquires around $8 million per Vera Rubin NVL72 system, the $40 billion investment would procure approximately 5,000 machines with roughly 360,000 Nvidia Rubin AI accelerators. The scale of xAI's Nvidia deployments is already significant, with Elon Musk's Colossus 2 cluster currently housing 110,000 Nvidia GB200 accelerators and 440,000 GB300 devices.

SpaceX plans to secure $10 billion from banks and raise an additional $30 billion through the investment-grade debt market. Apollo Global Management is expected to lead the financing arrangement, with bond manager Pimco among a few potential lenders. The transaction is anticipated to close in 2027. Apollo has significant experience in this market, having participated in a $7 billion financing deal for xAI's Colossus 2 data center in August. No representatives from the involved parties have commented on the potential deal.