SpaceX plans $40 billion raise to buy Nvidia chips, Financial Times reports

SpaceX plans to raise $40 billion to buy chips from Nvidia, according to the Financial Times. Reuters and Anadolu Agency both relayed the report.

According to Reuters, the Financial Times based its report on people familiar with the matter and published it on Tuesday. The reports do not identify these people.

Reuters, citing the Financial Times, said the financing would be led by the asset manager Apollo Global Management. Reuters also said the chips would be Nvidia artificial intelligence (AI) chips. Anadolu Agency's account includes the $40 billion figure and the planned purchase of Nvidia chips.

Reuters and Anadolu Agency are separate news agencies. However, both credit the same Financial Times report, so they represent a single original source. That report relies on unnamed people. For these reasons, the information should be treated with caution.

The reports reviewed by Vocemundi are brief summaries of Reuters and Anadolu Agency reports, which in turn relay the Financial Times article.

What is not known

The reports reviewed by Vocemundi leave several questions open:

• Company responses: The reports do not include comment from SpaceX, Apollo Global Management or Nvidia confirming or denying the plan.
• Structure: The reports do not describe how the financing would be structured, for example as debt, equity or another form.
• Timing: The reports do not describe when the fundraising or the chip purchases would take place.
• Chips and use: The reports do not describe how many chips are involved, which models, or how SpaceX intends to use them.
• Participants and status: The reports do not describe whether other investors besides Apollo would take part. They also do not describe whether any agreement has been reached.

What each side says

The reports reviewed by Vocemundi do not include any public statements from the companies named. No on-the-record positions are therefore available.

Vocemundi will update this article if the companies comment or if further details become available.

Analysis

If accurate, a $40 billion financing to buy AI chips would be a large commitment by SpaceX to computing infrastructure. It would also point to a significant role for private credit or investment firms such as Apollo in funding AI hardware. However, the account rests on one original report citing unnamed people, with no company comment. Several outcomes remain possible: the companies could confirm the plan, the terms could change, or the deal might not proceed. Key details, including structure, timing and purpose, are not described in the reports, which limits any assessment of its effects.

Produced by the Vocemundi newsroom with AI assistance.