StocksMediumUpdated•Originally published 6 October 2026•Updated 7 October 2026•
1 min read
SpaceX Plans $40 Billion Funding Round for Nvidia Chip Procurement
Key Facts
1SpaceX is reportedly seeking to raise $40 billion in funding specifically to purchase chips from Nvidia.
Apollo Global Management will lead a $40 billion financing round for SpaceX specifically to purchase chips from Nvidia. The deal structure includes $10 billion in bank loans and $30 billion in investment-grade debt, with the transaction expected to close in 2027.
The capital injection is intended to scale SpaceX's AI infrastructure, according to the Financial Times. NVDA closed at $240.155 on October 6, 2026, while TSM closed at $483.3 on the same day, and AMD recorded a close of $631.75 on October 5, 2026.