SpaceX Seeks $40 Billion in Debt to Buy Nvidia Chips

SpaceX is in talks to borrow $40 billion to buy Nvidia chips, a sum roughly equal to what the company generates in annual revenue, according to a Financial Times report relayed by MarketWatch on October 7, 2026.

The company headed by Elon Musk is negotiating with banks and investment management firms to structure the financing, people familiar with the matter told the Financial Times. The talks are ongoing and no final terms have been announced.

How would the $40 billion be raised?

According to the people familiar with the matter, the package would come in two parts:

• $10 billion in bank loans
• $30 billion in additional investment-grade debt

The proceeds are earmarked specifically for purchasing chips from Nvidia, the Financial Times reported.

What does the deal signal?

The scale of the planned borrowing stands out. At $40 billion, the raise would match the figure that the company generates in revenue, as MarketWatch's headline framed it — a debt load sized to an entire year of top-line business, dedicated to a single supplier.

The structure also signals how SpaceX plans to fund compute purchases: through debt markets rather than equity, preserving existing ownership while locking in capital expenditure for Nvidia hardware.

Who is behind the plan?

Elon Musk heads SpaceX, and the financing discussions are being conducted with banks and investment management firms, according to the Financial Times' sources. No specific lenders were named in the report.

Nvidia is the named counterparty for the chip purchases. Neither SpaceX nor Nvidia has publicly commented on the reported negotiations.

Why does the timing matter?

The report lands as demand for Nvidia's chips continues to draw massive capital commitments across the technology sector. A $40 billion debt raise, structured predominantly as investment-grade paper, would test lenders' appetite for financing AI infrastructure at unprecedented scale through a private company.

The referenced market data adds context for investors tracking the story: MarketWatch listed NVDA up 0.14% and the SPCX symbol up 0.49% alongside the report on October 7, 2026.

If the financing closes as described, it would rank among the largest private debt raises ever undertaken to fund semiconductor procurement — and would tie SpaceX's balance sheet directly to the global race for AI compute capacity.