SpaceX has lined up about $40 billion to buy GPUs, and the money is debt rather than equity. Elon Musk said on X on Sunday that the financing had closed, describing SpaceX as investment grade with revenue from Starlink and rocket launches. A follow-up post called it mostly callable debt, with the chips due in the opening two quarters of 2027. CNBC reported that a regulatory filing names an Apollo-managed entity as the counterparty, under a binding commitment for roughly $40 billion.
The borrower has a real AI business behind it. SpaceX calls the unit “Super Intelligence,” and according to CNBC it is now the company’s largest, with third-quarter revenue of $7.56 billion against $813 million a year earlier.
Musk’s own reading of the market is the sharper part. He said debt markets have mostly closed to companies with little revenue outside AI data centers, and predicted that more than 200 neocloud providers will fail or consolidate. SpaceX’s rocket and satellite income gets it through that door; a pure GPU renter has no such cushion.
Reported by CNBC on 26 October 2026.
