SpaceX has closed $40 billion in financing, comprising approximately $10 billion in bank loans and $30 billion in investment-grade debt. According to Elon Musk, the deal is primarily earmarked for GPUs due in the first and second quarters of 2027, with no significant impact on the current quarter. Apollo Global Management was expected to lead the arrangement, while PIMCO was reportedly interested, and discussions covered the possible use of special purpose vehicles backed by the chips. The hardware will power SpaceX’s AI data centers, including the Colossus cluster, and support both internal projects and external contracts. Musk said SpaceX’s investment-grade status, backed by revenue from Starlink and its launch business, preserved its access to credit amid a lending crunch affecting neocloud providers.
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