Oracle, Broadcom and SpaceX Pursue Tens of Billions in Debt to Fund AI Chip Buildout

Three major companies are seeking blockbuster debt financings to pay for artificial intelligence chips, underscoring the enormous capital demands of the AI infrastructure race. Oracle, Broadcom and SpaceX are each in separate talks with lenders including Apollo, Blackstone and Goldman Sachs for megadeals worth tens of billions of dollars apiece, according to the Wall Street Journal. SpaceX is seeking roughly $40 billion to purchase Nvidia chips, while Broadcom is arranging more than $50 billion in financing tied to a custom AI chip it is developing with OpenAI.

The financing push is unfolding as prominent investors question whether the AI buildout can sustain itself. Ray Dalio warned that the AI bubble is nearing a bursting point, citing rising interest rates and the heavy borrowing companies are taking on to fund infrastructure. Mike Novogratz similarly called AI a bubble while advising investors to stay in. David Rosenberg of Rosenberg Research noted that Nvidia is now nearing a $6 trillion valuation and carries more weight in the S&P 500 than the smallest 256 index members combined, yet the average S&P 500 stock entered the week about 20% below its 52-week high, with the equal-weight index falling 4.4% in September while the cap-weighted version gained 0.2%.

On the model side, Anthropic launched Claude Haiku 5.5, the third release in its Claude 5.5 family within a single month. The company priced the lightweight model at 75% lower cost than its predecessor Haiku 4.5, targeting high-volume workloads. The launch comes ahead of an anticipated Anthropic IPO expected in November at a valuation near $2 trillion, and arrives as competitors note that Anthropic now offers the most competitive price-per-unit of AI capability among major model providers. OpenAI separately rolled out new interactive and visual features inside GPT-6.