SpaceX seeks €34.5bn to buy Nvidia chips, with Apollo leading talks
AI · Wednesday, October 7, 2026 · 11 sources

SpaceX seeks €34.5bn to buy Nvidia chips, with Apollo leading talks

SpaceX is discussing roughly €34.5 billion in financing to buy Nvidia AI chips, according to Reuters and the Financial Times. The proposed package is about €8.6 billion in bank loans and €25.9 billion in investment-grade debt, with Apollo expected to lead; the talks are preliminary and the deal is expected to close in 2027. For investors, it is a large test of how far lenders will fund the AI build-out as credit markets grow more selective.

Bottom line — If completed, SpaceX’s €34.5bn chip purchase would put more of the AI expansion bill on lenders and bond investors.

Go deeper 5

  1. Reuters reports that PIMCO is among the firms in discussions; Apollo and PIMCO declined to comment.

  2. CNBC says the financing is expected to rely mainly on investment-grade debt and may use the GPUs as collateral.

  3. SpaceX raised €21.6bn through a bond sale four months ago, CNBC reports; investors have since demanded higher yields for AI-related borrowing.

  4. MarketWatch cites analyst Richard Windsor’s estimate that SpaceX could spend as much as €246.8bn on Nvidia systems for data centres in 2027; that is an analyst projection, not a company forecast.

  5. The proposed financing remains at an early stage, Reuters reports, and could change or fail to proceed.

Read the reporting 11

dstld. Your daily news summary designed to surface the news that matters from a European perspective. Curated by humans, summarized by AI - always with links back to the original reporting.

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Last generated: Oct 7, 7:13 PM UTC by wreetco

dstld. Your daily news summary designed to surface the news that matters from a European perspective. Curated by humans, summarized by AI - always with links back to the original reporting.

Links · Contact
Popular topics · WorldEuropeGamesAI
Last generated: Oct 7, 7:13 PM UTC by wreetco