SpaceX says it closed $40 billion debt deal for GPUs

What happened: Elon Musk said on X on Sunday, 25 October, that SpaceX has closed $40 billion in debt financing to buy GPUs for its AI systems, according to CNBC.

The details: Musk said the debt is mostly callable, meaning it can be repaid early. He said the GPUs are due in the first half of 2027.

The numbers: Earlier reporting by the FT and Bloomberg described talks for about $10 billion of bank loans and $30 billion of investment-grade debt. Apollo was expected to lead, with Goldman Sachs and Pimco involved. That reporting called the fundraising early-stage. SpaceX reported $38.43 billion in total debt principal as of 30 June.

The context: Musk has said SpaceX plans to use Nvidia hardware exclusively in its data centres. SpaceX absorbed xAI and went public in June.

Why it matters: The financing is tied directly to chip purchases. It would roughly double SpaceX's debt principal from the June figure, if the $40 billion is new borrowing on top of that total.

The catch: The closing rests on Musk's own post. The coverage reviewed cites no filing or lender statement, and no lender roster has been confirmed.

Who's affected: Musk also warned that more than 200 smaller AI cloud firms could fail or merge with rivals as credit tightens. Reuters also reported the announcement.

What's next: The GPUs are due in the first half of 2027, per Musk. Confirmation from a filing or the lenders would settle the open questions on the deal.