SpaceX Seeks $40 Billion in Apollo-Led Financing to Purchase Nvidia Chips

SpaceX is looking to raise $40 billion through a financing package led by Apollo Global Management, with the proceeds earmarked to purchase Nvidia chips, according to the Financial Times. The move would represent one of the largest single financing rounds tied to AI infrastructure hardware and underscores SpaceX's accelerating push into AI computing.

The deal reflects a broader trend of major private credit firms stepping in to fund the surging demand for Nvidia GPUs, which remain the dominant hardware for AI workloads. Apollo had previously been linked to similar chip-financing structures, including a deal with Elon Musk's xAI. Revenue concentration risk is a notable concern, as large-scale chip-leasing models depend heavily on a small number of major tenants to service the debt.