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Oct 25, 2026

SpaceX closes $40 billion debt deal for AI chips, Musk says

Elon Musk announced SpaceX has closed a $40 billion debt financing deal to purchase AI chips, one of the largest AI infrastructure investments disclosed to date.

Oct 25, 2026·2 sources

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Top claims

▪Bankers led by Goldman Sachs Group Inc. discussed a $40 billion off-balance-sheet debt structure for SpaceX with investors led by Apollo Global Management Inc., with Atlas SP slated to manage the entity
▪Terafab, a chip manufacturing joint venture between SpaceX and Tesla located in Austin, aims to produce its first test chip around May or June 2027
▪SpaceX Chief Financial Officer Bret Johnsen stated that SpaceX expects capital expenditures of $35 billion to $40 billion for the fourth quarter of 2026

Topics

Tesla AI Industry NVIDIA GPU AI chips AI bubble concerns AI investment Compute, chips & AI infrastructure Terafab