Elon Musk said SpaceX has closed $40 billion in debt financing to buy GPUs for AI systems, adding that the company is investment grade and earns revenue from Starlink and rocket launches. He said the financing, mainly callable debt for GPUs, is expected to arrive in the first and second quarters of 2027. Bloomberg reported that the debt was structured through a special purpose vehicle to keep it off SpaceX's balance sheet and preserve its investment-grade ratings, with Goldman Sachs leading talks with investors including Apollo Global Management. SpaceX's AI business, which it calls ‘Super Intelligence’ (SI), is now its largest unit, with third-quarter revenue surging ninefold to $7.56 billion from $813 million a year earlier. Musk also predicted that more than 200 neocloud companies would face widespread failures and consolidation, as debt markets have largely shut off financing for firms without substantial revenue outside AI data centers.
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SpaceXElon Muskartificial intelligencedata centersNVDA
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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